British Pound Slides Against US Dollar On S&P’s Downgrade Of UK Outlook

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British Pound Slides Against US Dollar On S&P’s Downgrade Of UK Outlook

By Greg Michalowski on May 21, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

S&P CUTS UNITED KINGDOM OUTLOOK TO NEGATIVE FROM STABLE; “AAA” RATINGS AFFIRMED

The GBP/USD dropped over two big figures fast following this release, just ahead of key UK economic data as well.

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