Revelation 6:5,6 NCV When the Lamb opened the third seal, I heard the third living creature say, "Come!" I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, "A quart of wheat for a day's pay, and three quarts of barley for a day's pay, and do not damage the olive oil and wine!"
The British Pound is suffering losses across the world markets after the announcement by credit house Moody’s of a downgrade in the country’s credit.
The ratings agency downgraded the UK’s government bond rating from the top AAA to AA1 because of what they term “weaknesses in the economy’s medium-term outlook.”
They believe rising debt will impact the country’s bottom line until at least 2016.
The blow was lessened a bit by the agency saying the UK still maintains “extremely high” creditworthiness and that the outlook for the country is stable, meaning another downgrade in the near future is very unlikely.
“We will go on delivering the plan that has cut the deficit by a quarter, and given us record low interest rates and record numbers of jobs,” Treasury head George Osborne told reporters.
The other two main rating agencies have been warning for almost a year that a downgrade to the UK was likely to happen.
The pound has lost nearly 7% against the U.S. dollar and 7.5% against the euro.
