DislikedThere is a misconception in the market that if the rating of the US AAA is undermined, then USD will go down but GBP will go up...The reality is that if the rating of AAA of US goes down, then it will take GBP down with it....because UK is relying on US strength....thery are married. Thats where the confusion is here currently, once the market realizes the concequences, this baby will drop like crazy
UK's majority underlying assets are mostly US based, with current shitty economic situation in UK, and undermining the credit rating potential of...Ignored
Thank You