Tag: likely

Moody’s downgrades Portuguese Government debt

Moody’s downgrades Portuguese Government debt

Moody’s Investors Service has today downgraded Portugal’s debt rating, for the second time in less than a month, by one notch to Baa1 from A3. Moody’s also warned that a further downgrade is possible as a bailout becomes increasingly likely for the debt-laden country. It said the downgrade was “driven primarily by increased political, budgetary [...]

April 5, 2011 | 0 Comments More
Hung parliament looking increasingly likely

Hung parliament looking increasingly likely

There is further economic uncertainty today after a hung parliament looked increasingly likely in the early hours of Friday. The news sent the pound falling by 1.5 cents overnight, from above $1.51, to trade as low at $1.4596 at one point - a 12-month low. A hung parliament (in which no one political party has [...]

May 7, 2010 | 0 Comments More
OECD: UK recession likely this year

OECD: UK recession likely this year

According to the Organisation for Economic Cooperation and Development (OECD), it is likely that the British economy will fall into recession during the second half of this year. It is expected that Britain will be the worst performer out of the world’s wealthiest nations with the economy expected to shrink by 0.3% in the third [...]

September 2, 2008 | 0 Comments More