Ear to the Ground
We saw a small spike in equity market volatility this week, but for once the predominant driver wasn’t central banks. Instead, the credit (pardon the pun) goes to Fitch, the rating agency, who took the surprise decision to downgrade the credit rating of US federal government debt from the much coveted AAA rating to AA+.
Ear to the Ground
A quieter week for data on both sides of the Atlantic this week…
