Sterling earlier in the week again subjected to pressure, despite the overall moderate positive attitude to other markets and a very good demand for risk. At this influenced by several factors pressing in on British currency in the morning. The most important is the statement by Moody's in respect of credit ratings of the country. It confirmed the highest credit rating with stable outlook. However, it was stated that the government will have to deal with a difficult situation and to confirm their intention to consolidate the budget, otherwise the increasing threat of a downgrade. Growing it in the case of growth yields on government bonds, as well as in the case of renewal of the credit crisis. After such language becomes clear that Britain simply balancing on a tightrope in the middle of the abyss, and with eyes closed, as more than half of Britain factors can influence only indirectly.Attracted less attention, but no less "dangerous" were the fall in housing prices the third consecutive month, as well as reducing the supply of broad monetary aggregates. August showed decrease M4 0,2% in July, while the annual growth rate fell to an unprecedented 1.8% y / y. Such a sharp drop already exceeded that observed in the early 90's and 2000's, although this is largely due to accelerated growth prior to the end of 2008 to mitigate the policy of the Bank of England.
Translate this page
