(Bloomberg) -- The pound breached its 200-day moving average against the dollar amid concern that the U.K.’s fiscal condition is deteriorating, putting its sovereign credit rating at risk. Sterling fell below $1.60 today for the first time since Oct. 15, dropping as low as $1.5922. The moving average is $1.6013, according to Bloomberg calculations. So far in the fourth quarter, the pound is the only currency from the Group of Seven industrialized nations to move through its 200-day moving average versus the dollar.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aAJ7hkAofDCY
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