Barclays Capital - Help!

Hi guys

I'm applying for sales position at Barclays Capital - I've encountered a bit of a problem on the online application form. One of the three competency questions is:

Describe a recent development in the industry. What implications might this development have for our firm or the division to which you have applied? (90 words max)

My problem is what industry development I should focus on - European debt crisis? S&P downgraded the US credit rating? and talking about the impact on trading? How can I relate it to the sales position I'm applying for ? I'm not sure what area to focus on and if I should focus on negative implications on the firm.

So, if anybody has any help/advice on good topics to write about, I'd really appreciate your info!

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