Review: The UK downgraded by Moody’s The UK: GBP weakened markedly following the rating downgrade. On Friday night, the rating agency Moody’s announced that the UK’s rating had been downgraded from Aaa (Aaa is the highest rating) by one “notch” to Aa1- with stable outlook. Already last week, rumour had it that a downgrade was in the offing, and Moody’s, Fitch and Standard & Poor’s already had the UK on negative outlook. For this reason alone, we found it surprising that the initial
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