The Sterling (GBP) was in the spotlight as rating agency Moody’s cut its AAA rating to AA1 stable. The reaction so far negative may lead to a rally with the cut widely anticipated and sell the rumor buy the fact a game often played with such announcements. This could play out if the UK government or BOE come out with hawkish comments or plans to reclaim its AAA rating sometime in the future. Looking ahead, ECB Weidmann Speaks.
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