Sterling tumbles on possible Fitch downgrade
Written November 10, 2009 at 12:40 AM EST by Vincent Facchino
Sterling just took a huge hit on comments made by Fitch hinting at the possible downgrade of UK’s AAA status. The rating agency also stated that Germay was the least likely of European nations to face a downgrade. Gbp/Usd tumbled down over 125 points to 1.6608. Eur/Gbp has also had a severe move, now trading above .9000, currently at .9015.
Categories: Forex News | Tags: GBP
Loading ...
No Responses to “Sterling tumbles on possible Fitch downgrade”
Add a comment