Intraday Market Thoughts

Fitch Downgrades UK, New Insights Added

by Ashraf Laidi
Apr 19, 2013 17:50

Fitch downgrades the UK rating to AA+ from AAA, while leaving the credit outlook stable. S&P is now the only credit agency to remain with AAA rating for the UK. Sterling fell across the board, settling around $1.5230s, while attempting to hold above 151 yen ahead of the conclusion of the G20 meeting this weekend. Euro quickly pared gains trigered by Weidmann's clarification that a rate cut would only be considered by deteriorating data. We added new trades in GBPJPY, EURUSD, USDJPY, gold and silver as well as a monthly Gold/Silver ratio with multi-speed momentum. All trades and charts in the latest Premium Insights.


Latest IMTs