UK growth

hard brexit

How The UK Went From Leader To Laggard

Compared to 2019, when the entire market was eagerly watching events surrounding Brexit, both the Covid-19 crisis and the U.S. elections are attracting more attention than the imminent end of the transition phase. However, the clock is ticking without mercy, as EU chief negotiator Barnier keeps reminding us. In light of the time it will take for legal processes in the UK, as well as on the continent, only a few weeks remain to avert a disruptive UK exit from the European common market, DWS explain.

 

 

 


Bank Of England to accelerate pace of interest rates rises

BoE Hikes Rates For First Time In A Decade Amidst Dim Prospects Of Economic Growth

The BoE hiked on Thursday interest rates for the first time in more than 10 years by 25 bp to 0.5%. Given that UK growth continues at its lower potential pace with GDP forecasts at around 1.6%-1.7% between 2017-20, it seems that only one additional hike next year is likely. The country  has been the 4th weakest economy in the OECD so far this year.