Fitch says UK downgrade more likely

This article talks about rating agency Fitch which may downgrade the UK's credit rating in April. This came after downward revisions were made to UK's growth forecast from 1.2% in December to 0.6% for 2013. In addition the United Kingdom have a higher than expected debt level. After this news was released from Fitch the pound fell sharply against the dollar. Fitch explained their decision by looking at forecasts published by the  office for budget responsibility which suggest that the dept levels will rise later.Moody  is another rating agency stripped the UK from its AAA rating.

http://www.bbc.co.uk/news/business-21900304