UK growth rebounded in early 2020, but global weakness is overshadowing that. Outgoing Governor Carney says negative rates and additional QE are possible, and extreme, policy tools. The Bank of England should cut rates in the opinion of economists at ANZ Research. Key quotes “COVID-19 will depress productivity growth further in the short run. The UK’s 11 March budget will be expansionary. Recent developments may increase the degree of fiscal stimulus.” “The BoE has signalled its willingness to cut rates, substantially if needed. Bailey takes charge of the BoE this month, but shouldn’t obstruct policy easing.” “GBP weakened into the start of the EU trade talks, gilt yields are at record lows.” 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/JPY attacks post-Fed rate cut low below 107.00, as risk-off returns FX Street 2 years UK growth rebounded in early 2020, but global weakness is overshadowing that. Outgoing Governor Carney says negative rates and additional QE are possible, and extreme, policy tools. The Bank of England should cut rates in the opinion of economists at ANZ Research. Key quotes “COVID-19 will depress productivity growth further in the short run. The UK’s 11 March budget will be expansionary. Recent developments may increase the degree of fiscal stimulus.” “The BoE has signalled its willingness to cut rates, substantially if needed. Bailey takes charge of the BoE this month, but shouldn’t obstruct policy easing.” “GBP weakened into the… 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.
