Moody’s says the focus on the health of UK’s public finances during the past three weeks of party conferences has reinforced the stable outlook for the country’s triple A credit rating.
Moody’s says Britons better understand the need to reduce heavy public borrowing than the public in neighbouring countries with similarly stretched finances such as France.
The comments have lent sterling some much-needed support, cable presently back up at 1.5800 having earlier hit a 1.5729 session low. Elsewhere EUR/GBP is down at .9335 having hit session high .9350.
