Sterling rocked by credit downgrade

If you've an overseas holiday planned, your money is going to have to work harder than planned. Sterling has hit a new two-year low, sliding against the dollar to $1.50 as the backlash on the UK's Triple A rating demotion digs in.

How surprising is the news - and what is the longer term outlook outside the Triple A club?%VIRTUAL-SkimlinksPromo%