Forex
globalreutersJanuary 27, 20251 Mins read
ICYMI – Morgan Stanley slashes UK 2025 GDP growth forecast to 0.9% (from 1.3% previously)
globalreutersJanuary 27, 20251 Mins read Justin had the news on this on Monday.
Morgan Stanley cited:
- recent slowdown
- signs of labour market weakness
MS added that the lingering effects of the 16-year Bank rate will weigh on growth:
- peak impact of the BoE’s policy tightening is likely behind us
- drag on the economy still persists
Bank of England Bank Rate is currently 4.75%
This article was written by Eamonn Sheridan at www.forexlive.com.
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