By James Lovick

This morning saw the release of some horrific public sector borrowing figures. The possibility of having our triple A status downgraded must still remain and becomes more likely with figures like these. It is no real surprise the pound dropped against every major currency this morning falling towards a drop of 1% percent by midday against some of the currencies. If a downgrade doesn’t cripple the nation then the Swine may finish the job as forecasts point towards a steep decline in GDP to -7%.