Moody's changes UK banking outlook to negative from stable
Cites a weakening operating environment on the change in outlook
The pound has been perky to start the day with cable rising to a high of 1.2967 but is seen retreating a little to 1.2955 currently. It's still choppy trading overall and I reckon election sentiment will still override any fundamental equations for the time being.
Key near-term resistance for cable lies nearer to 1.2975-85 next with the 1.3000 handle also to offer more of an area for sellers to lean on.