GBP/USD: The pound fell to 1.6080 in the S&P decision

Market news

13 December 2012

GBP/USD: The pound fell to 1.6080 in the S&P decision

The British pound weakened sharply against the dollar in response to the news that S & P has revised its outlook on the UK 'AAA' from stable to negative, although it confirmed the rating itself at current levels.

Pound updated intraday low of $ 1.6083 and then rebounded slightly.

European stocks close:

The pound fell after S&P lowered the rating outlook of the UK

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