Just as we prepare to head home for the weekend, the ratings agency Moody’s downgraded the UK credit rating to AA1 from AAA.
GBP went from 1.5250 to 1.5185 in the blink of an eye.
It will be interesting to see how the Far Eastern markets react to this on Sunday evening. GBP is closing at 1.5190.
GBP/USD Weekly Forecast = Levels, events and sentiment