EU Sources that France is included in the downgrade from S&P

The talk in the market seems to be a controlled leak in order to let the market trade the news before London goes home for the weekend. The announcements from the credit agencies have come typically in the afternoon. The US downgrade came after the stock market closed on a Friday if I recall correctly. Perhaps the rating agencies are realizing the implications of such a strategy.

The news is out and the EURUSD has seemed to have stabilized.

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