- BOE credit outlook up to stable from negative
I would say that little pop to 1.6978 was the news sneaking out earlier.
As I said in the prior post, Moody’s has the potential to give the pound a kick if they give us back the triple A.
Further comments out now;
- Outlook revision reflects our view of the robust and broadening recovery in the UK economy amid further progress in consolidating public finances
- Expects the UK economy to expand by nearly 32.0% in 2014 and 2.5% in 2015
- Anticipate the economic recovery to continue to broaden benefitting public finances
- Affirmed unsolicited AAA/A+1 long and short term ratings
- Despite a challenging external environment the UK has retained its substantial market share of global financial services
- Expects services to continue to make a large contribution to economic growth
I’m shedding tears of pride as I type this folks
