oh oh,
bye bye GBP
BBC News - Pound falls on Fitch warning on UK deficit 'challenge'
France can rescue you if you choose to, but you will need to be nice with usThe pound has fallen after a credit rating agency warned that the UK faced a "formidable" challenge to bring down its budget deficit.
The credit rating agency said the pace of deficit reduction needed to be quicker than that announced by the former Labour government in April.
Fitch did not revise the UK's credit rating - AAA - but said the UK had the fastest rising debt ratios of any of the highest rated economies