Thanks to the EU debt crisis and fiscal follies in the U.S., the U.K. has managed to stay out of...

|By:, SA News Editor

Thanks to the EU debt crisis and fiscal follies in the U.S., the U.K. has managed to stay out of the papers, but the country's "frailties (will) emerge from the shadows," says HSBC. A sovereign downgrade looms, says the bank, and with it, a falling pound - which should help exports and stock prices.