Global financial markets are to deliver their first response to the decision of a major credit agency to strip the UK of its prized AAA credit rating today.
Senior Conservatives have rallied round Chancellor George Osborne in the wake of the decision by agency Moody's, predicting it will have little impact on the Government's borrowing costs.
But there are fears that sterling will be hit hard in the wake of the news.
http://news.sky.com/story/1056445/pound-at-risk-after-aaa-credit-rating-blow
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