"The prospect of the pound being weaker is actually very bad news for the economic recovery”

Business quote of the day.

"The prospect of the pound being weaker is actually very bad news for the economic recovery”
Shadow chief secretary to the Treasury Rachel Reeves warns that the UK economy faces very tough times, as financial markets react to the downgrade of the UK’s triple-A rating.

Photograph: Getty Images

Helen Roxburgh is the online editor of Economia