OctaFX | OctaFX Forex Broker
Buka akaun dagangan
Back

Fitch affirms UK at 'AA-'; Outlook negative

Late Friday, the US-based Fitch Ratings affirmed the UK’s sovereign credit rating at 'AA-' with maintaining a negative Outlook.

Key takeaways

“The Negative Outlook reflects the impact the coronavirus pandemic is having on the UK economy and the resulting material deterioration in the public finances, with Fitch forecasting the fiscal deficit to materially widen this year and government debt set to increase to well over 120% of GDP over the next few years. “

“The COVID-19 pandemic and the containment measures imposed to limit its spread have hit UK economic activity hard.” 

“Changes in UK-EU trading arrangements are likely to curtail the pace of recovery as the Brexit transition period ends on 1 January 2021.” 

USD/JPY Price Analysis: The pair looks to be heading right back into the middle of the range

USD/JPY does not seem to like trading below 104.00 as there seems to be a quick recovery as soon as the level is pierced. The key level on the chart i
Baca lagi Previous

Gold Price Analysis: Downside more compelling for XAU/USD in the NFP week ahead – Confluence Detector

Gold (XAU/USD) shed about 4.5% in the past week, delivering a weekly closing below the August month low of $1863. The yellow metal booked the first we
Baca lagi Next
Start livechat