Global rating agency Moody’s recently came out with its report on the UK’s credit profile on Asian morning on Friday. The research paper says that the UK’s credit profile is vulnerable to the new government’s tax and spending pledges amid no-deal Brexit risk. It was further emphasized that the Prime Minister Boris Johnson’s policy ambitions have yet to be followed up with concrete measures and the period leading up to the next budget announcement in October or November should provide more detail. The UK currently holds an Aa2 stable credit rating from Moody’s. FX implication Given the present risk on no-deal Brexit and policy paralysis at the Bank of England (BOE), the latest news should have a negative impact on the British Pound (GBP). Though, no such reaction was witnessed off-late. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Senator Mike Crapo: It will be impossible to ban Bitcoin in the United States FX Street 4 years Global rating agency Moody's recently came out with its report on the UK's credit profile on Asian morning on Friday. The research paper says that the UK's credit profile is vulnerable to the new government's tax and spending pledges amid no-deal Brexit risk. It was further emphasized that the Prime Minister Boris Johnson's policy ambitions have yet to be followed up with concrete measures and the period leading up to the next budget announcement in October or November should provide more detail. The UK currently holds an Aa2 stable credit rating from Moody's. FX implication Given the present risk on… 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.
