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Showing posts with label UK is hanging on to its AAA credit rating. Show all posts
Showing posts with label UK is hanging on to its AAA credit rating. Show all posts
GBPUSD 09042012
Expectations of austerity and BOE hawkishness have been overdone. UK is hanging on to its AAA credit rating by a thread. We believe the long-term outlook is quite bearish, but trading well off historical highs will possibly temper the downside a bit as others are targeted more
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