Moody's changes UK banking outlook to negative from stable

Author: Justin Low | Category: News

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.

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