In its latest review outlook on the UK economy, the US-based rating agency, S&P Global, cuts its GDP forecasts for 2020, although upgraded its 2021 economic growth estimates. Key quotes “S&P Global cuts UK 2020 GDP forecast to a 9.7% fall versus previous forecast of -8.1%.” “The UK economy now seen rebounding 7.9% in 2021 vs. 6.5% in June forecasts.” “A hard Brexit leading to new import and export tariffs, as well as non-tariff trade barriers would add another layer of challenge for European companies, and be especially detrimental for the UK economy.” 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 USD/CAD: Seasonals Are Bullish & Technicals Are Supportive; Staying Long Into Year-End – BofA Kenny Fisher 2 years In its latest review outlook on the UK economy, the US-based rating agency, S&P Global, cuts its GDP forecasts for 2020, although upgraded its 2021 economic growth estimates. Key quotes “S&P Global cuts UK 2020 GDP forecast to a 9.7% fall versus previous forecast of -8.1%.” “The UK economy now seen rebounding 7.9% in 2021 vs. 6.5% in June forecasts.” “A hard Brexit leading to new import and export tariffs, as well as non-tariff trade barriers would add another layer of challenge for European companies, and be especially detrimental for the UK economy.” 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.