Fitch’s Brian Coulton comments on U.K. in London speech

Written March 9, 2010 at 4:47 AM EST by  

During a speech today in London, Fitch’s Brian Coulton made the following negativeĀ remarks regarding the U.K.

*expects U.K. fiscal consolidation

*U.K. sovereign credit profile deteriorated pretty sharply

*outlook for U.K. economy is quite uncertain

*U.K. economy proceeds with anĀ important source of caution

*U.K. fiscal adjustment too slow at a pedestrian pace

Gbp/Usd is currently trading at session lows of 1.4945.

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