In an op-ed in the Daily Mail on Saturday, Bank of England (BOE) Chief Economist Andy Haldane still maintained its view that the British economy was on the path to rapid recovery. Key quotes (via Reuters) “Economic activity in the UK is not falling like a stone. In fact, it has now been rising for more than three months, sooner than anyone expected.” “While shops remain shuttered, people turned to online shopping and sales rose over 70%, leading retail spending levels to recover to pre-pandemic levels.” “GDP is expected to rise by over 20% in the second half of the year.” “The economy has been rising an average of about 1% per week.” “While that leaves activity well below pre-COVID levels, the UK has already recovered perhaps half of its losses.” “The recovery in jobs would take longer but the risks to jobs have receded as spending and business confidence had picked up.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next UK vows not to agree to alignment on EU rules ahead of the key Brexit talks FX Street 2 years In an op-ed in the Daily Mail on Saturday, Bank of England (BOE) Chief Economist Andy Haldane still maintained its view that the British economy was on the path to rapid recovery. Key quotes (via Reuters) “Economic activity in the UK is not falling like a stone. In fact, it has now been rising for more than three months, sooner than anyone expected.” “While shops remain shuttered, people turned to online shopping and sales rose over 70%, leading retail spending levels to recover to pre-pandemic levels.” “GDP is expected to rise by over 20% in the second half of the year.” … Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
