i can't believe it - S&P just downgraded the US credit rating!!
i'm in shock!!
it's completely ridiculous...the US would never actually default on its obligations....
it's not greece or spain or italy...
the US owes money in its own currency....when you keep your currency, you have the 'luxury' of being able to turn on the printing presses if it comes to that...(though laws can get in the way, but they would be shortlived)..
anyway.....if i were a betting man, i'd say the pound will strengthen against the dollar.....but who knows...nothing in all this ever makes sense...