Fundamental Updates \Nick Nasad \ 11:46 AM EST \ March 9th, 2010
The Pound slid overnight as Moody’s said UK banks could suffer further write downs and Fitch warned that the UK sovereign credit profile deteriorated. The Euro was pressured by Fitch’s warnings on Portugal and Greece, and with commodities and equities down the greenback and Yen strengthened. Commodity currencies did however get a bounce in the NY morning session.
Daily Video Recap: Moody’s and Fitch Issue Warnings on UK and Europe Increasing Risk Aversion
Fundamental Updates \ Nick Nasad \ 11:46 AM EST \ March 9th, 2010The Pound slid overnight as Moody’s said UK banks could suffer further write downs and Fitch warned that the UK sovereign credit profile deteriorated. The Euro was pressured by Fitch’s warnings on Portugal and Greece, and with commodities and equities down the greenback and Yen strengthened. Commodity currencies did however get a bounce in the NY morning session.