Pimco warn of ’80pc’ chance of UK rating downgrade

In a second swipe at the UK in as many days, Pimco, the American investment group, said there is an “80pc” chance of Britain losing its AAA-rating if the Government does not move swiftly. Scott Mather, head of global portfolio management, told Dow Jones Newswires that the current debt reduction plan “is lacking in conviction and lacking in details”.

UK Telegraph

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Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell