22, March 2013

GBP/USD (a 4-hour chart)

GBP/USD (a 4-hour chart)

Soon Fitch and S & P will review the UK's sovereign credit rating of "AAA."

Agency Moody deprived the UK from its highest rating in the late February, S & P and Fitch forecast ia also negative.

In December, S & P said it expected the UK debt growth from the currect 85% to 100%, and that if the economic dynamics will remeain weaker, then the probability of a downgrade Britain raiting is one in three in the next two years.

The budget presented on Wednesday showed that the government expects a slow economic growth and the need to borrow up to 60 billion pounds more than planned in the coming years. S & P also closely monitoring the possible pressure of austerity measures in the UK on household spending and investment companies.

The inflation target maintained at 2% GDP forecast has been reduced: 0.6% in 2013 (from a previous forecast of 1.2%) and 1.8% in 2014 (2.0%). But for the government's plan to send additional £ 3 billion in 2016-16 years on infrastructure and tax incentives offered to developers of shale gas.