Just as we prepare to head home for the weekend, the ratings agency Moody’s downgraded the UK credit rating to AA1 from AAA. Needless to say the GBP collapsed as no real liquidity is in the markets as we approach 5 PM. 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. Further reading: GBP/USD Collapse – Guide to the next big levels GBP/USD Weekly Forecast = Levels, events and sentiment Matthew Lifson Matthew Lifson Matthew Lifson is a Foreign Exchange Trader and a Market Analyst. with Cambridge Mercantile Group. View All Post By Matthew Lifson Forex News Today: Daily Trading News share Read Next Forex Weekly Outlook Feb 25-Mar 1 Anat Dror 10 years Just as we prepare to head home for the weekend, the ratings agency Moody's downgraded the UK credit rating to AA1 from AAA. Needless to say the GBP collapsed as no real liquidity is in the markets as we approach 5 PM. 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. Further reading: GBP/USD Collapse - Guide to the next big levels GBP/USD Weekly Forecast = Levels, events and sentiment Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
