- Fitch warned it could downgrade if the country's budget in March shows debt levels continuing to rise.
- Says that if forecasts for peak debt and the trajectory for debt coming down are still consistent with reducing debt however if they worsen then it could lead to a negative outcome.
Reaction details (11:05)
- In reaction to these comments GBP/USD moved lower by 15 pips going from 1.6084 to 1.6069.
Analysis details (11:10)
- As a reminder the budget is due to be announced on March 20th.
- All three major credit rating agencies have the UK at the top-rated triple-A currently.
15 Jan 2013 - 11:01 - Forex - Source: Newswires
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