The Times reports that “the chancellor is said to have told colleagues that the nation’s GDP could fall by as much as 30 per cent between April and June as cabinet colleagues call for restrictions to be eased.” Lead paragraphs Ministers said that Rishi Sunak discussed the possibility of a “25 per cent to 30 per cent” fall in the second quarter of this year. City analysts have forecast an average 14 per cent contraction in the economy caused by the coronavirus lockdown, but some banks have predicted a drop of 24 per cent. The Treasury is conducting its own analysis which is yet to be completed. Ten cabinet ministers are now pressing for the easing of the lockdown next month because they are concerned that the “cure” for the disease… More to come… 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 NZD/USD drops from monthly top to sub-0.6100 amid Easter holiday in New Zealand FX Street 2 years The Times reports that "the chancellor is said to have told colleagues that the nation’s GDP could fall by as much as 30 per cent between April and June as cabinet colleagues call for restrictions to be eased." Lead paragraphs Ministers said that Rishi Sunak discussed the possibility of a “25 per cent to 30 per cent” fall in the second quarter of this year. City analysts have forecast an average 14 per cent contraction in the economy caused by the coronavirus lockdown, but some banks have predicted a drop of 24 per cent. The Treasury is conducting its own… 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.
