"This is a stark reminder that the U.K. cannot simply run away from its problems," says the U.K....

|By:, SA News Editor

"This is a stark reminder that the U.K. cannot simply run away from its problems," says the U.K. Treasury, responding to the Fitch downgrade. "Though it is taking time, we are fixing this country's economic problems." Cable's (FXB -0.3%) taking on a little more water now vs. the greenback, but the slide vs. the euro (FXE) today is a bit more dramatic.