Understanding junk status and forced sales

Understanding junk status and forced sales

Who the ratings agencies are, how they work and what their ratings mean. The offices of S&P in the Canary Wharf business district in London. Photographer: Jason Alden/Bloomberg There are three rating agencies: Standard and Poor’s (S&P): it is the only agency...
The economic consequences of political decisions

The economic consequences of political decisions

The vote by the British electorate in support of leaving the European Union (EU) took markets by surprise. The immediate impact was a strengthening of the US dollar and yen relative to the pound and euro. The actual process of disengaging the United Kingdom from the...