economic doom

[DimPrawn]

I was actually being sarcastic. Losing a credit rating that means sod all is only news because people want to make it news.

I know. UK has been on downgrade watch for ages, so the recent demise of the pound is mostly priced in already.

[sasguru]

It says feck all that hasn't been said by blokes down the pub for decades. I'm glad he's fecked off to Chile.

Yes good rant by a pub bore. Bet he's got no mates in Chile either.

[SimonMac]

FTSE up 1.36%, looks like the markets either don't care, or realise that the ratings agencies are no longer relevant.

[DimPrawn]

FTSE up 1.36%, looks like the markets either don't care, or realise that the ratings agencies are no longer relevant.

No, markets know that most of the FTSE 100 income is not in Sterling, so profits in Sterling will rise.

[aussielong]

and with the markets fully open the market reaction is in:-

Cable dropped a total of 1c (an indifferent NFP slightly different to expectations will change it more than that).
FTSE up +35.84 (+0.57%)

So well done AussieFool. The markets reaction is one of Meh.

I'm long AUDGBP. I'm making money off the pound every day, while you enjoy devalueing savings. Sorry about your "les organes génitaux de bébé", but don't take it out on me MrAngry

[Doggy Styles]

Australia still has its AAA rating.

[The Spartan]

That's because the British government had to spend gazillions of pounds rescuing banks that had poured money into stuff that Moody's had stamped 'AAA'.

WMTTS

Who is inclined to believe these idiots

[Troll]

Australia still has its AAA rating.

If only....

[DodgyAgent]

If only....

trust the BBC to put a negative spin on the Aussie success. good luck to them they need something to counter their failings at sport

[vetran]

organisations that were responsible for making sure that nations were credit worthy and missed every nations credit card was maxed out and their house over valued.

yeah totally relevant.