Weak Economic Outlook in England, Fitch Cuts UK Credit Outlook To 'Negative' From 'Stable'

Bad news from England, Fitch Cuts UK Credit Outlook To Negative; AAA Rating Under Pressure, Fitch Ratings has downgraded the UK's credit rating outlook to 'negative' from 'stable', citing the economy's vulnerability to adverse economic shocks due to high indebtedness and weak economic outlook. These condition can be more suffer for investor and traders who hold GBP in a lot of volume

From New Delhi we reported, India's Central Bank Keeps Rates On Hold, India's central bank on Thursday decided to keep its interest rates unchanged, as expected, amid an increase in upside risks to inflation and a slippage in fiscal deficit.

From Paris we reported, SNB Retains Floor Rate For Franc, Keeps Interest Rate Near Zero, The Swiss National Bank on Thursday decided to maintain the minimum exchange rate of the Swiss franc at 1.20 per euro and also retained the key interest rate close to zero.

Meanwhile, another news from U.S. we reported, U.S. Initial Jobless Claims Fall To 351,000, Lower Than Expected, New unemployment claims in the U.S. fell to a lower level than most experts had expected according to figures released Thursday by the Labor Department. For the week ending March 10, the DOL reported a seasonally adjusted level of 351,000 new claims for unemployment, a drop of 14,000 from the previous week's revised level of 365,000. While the previous week's figure was revised up somewhat from the 362,000 initially reported, the new claims for the week of March 10 came in below the 355,000