GBP/USD Falls To Session Lows Behind Threat To Britian’s Credit Rating

Telegraph: Britain’s AAA credit rating threatened by scale of bank bail-out

- Article note that S&P indicated it might have to revisit the rating in evidence before the Treasury Select Committee last month. Under questioning, Barry Hancock, head of European corporate ratings, said S&P had confirmed the UK’s status on the assumption that “up to approximately 20pc of GDP in the form of bank assets could be problematic in the future”.

The GBP has dropped to session lows across the board

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