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Weakening UK data in shadow of Brexit puts pressure on Pound

  Bloomberg After a week of warnings about the perils of Britain exiting the European Union, economic data next week may offer traders little reason to be bullish on the pound, the developed world’s worst-performing currency of 2016. For the period covering the June 23 referendum on EU membership, options traders are the most bearish on sterling since at least ...

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Moody’s raises Ireland’s rating with positive outlook

  Bloomberg Ireland’s credit rating was raised by Moody’s Investors Service, as the economy continues to outpace the euro region and its debt level drops. Moody’s raised the rating to A3 from Baa1 with a positive outlook, the company said on Saturday in a statement “Ireland’s key credit fundamentals have continued to improve at a faster pace than expected even ...

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Poland avoids second-ever rating downgrade as Moody’s cut outlook

  Margate / AFP Poland avoided a second credit-rating reduction in its history as Moody’s Investors Service left its investment grade unchanged while cutting its outlook on the sovereign amid growing investor concern over government policies. Moody’s changed the outlook to negative after keeping it stable for a decade, meaning there’s now at least a one-in-three chance of a cut ...

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