Sterling expected to slide further after UK downgrade

- Miriam Siers
- 01 Mar 2013

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Foreign exchange traders are positioning themselves for further sterling weakness after the pound hit fresh lows against the dollar this week on the back of the downgrade of the UK's AAA rating by Moody's on February 22.

Sterling has fallen dramatically this year, with GBP/USD trading at a multi-year low of 1.5017 earlier today, having opened the year at 1.63 on January 1, according to data from Thomson Reuters.

"The market was fairly well-positioned going into the downgrade so we have seen a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@fx-markets.com

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@fx-markets.com