Obama is good with words except he doesn't know how to use them properly. The UK chancellor isn't a great orator but has said enough to convince the markets GBP is where it is at. The UK started to cut before anyone else (despite it really being a slow down in real terms) and so gets to keep its AAA. Waffling Americans and Continental Europeans struggle.
The UK isn't in a happy place. It isn't a happy place. But while the markets look to make beans from the distresses of others, it will turn into the new Swissie / Yen (which wants to peg with the Euro). Printing presses to the ready ...
European banks (drat, no shorting today) (telegraph)
iApple to rule everything (telegraph)
Chinese iApples (reuters)
Obama to call in sick.