Daily Archives: August 7, 2011
16 countries still hold AAA rating from S&P for their sovereign debt. And they are:Australia, Austria, Canada, Denmark, Finland, France, Germany, Isle of Man, Luxembourg, the Netherlands, New Zealand, Norway, Singapore, Sweden, Switzerland, and the UK.
Certainly food for thought…. The Pound is clearly undervalued in my view and we could see a very good week ahead for it against many majors.
The one worry is the saying that when the U.S sneezes the U.K catches a cold…. However the U.S has much more than a cold to give away, and the U.K has been sharing a bed with it.