Tag: England

Bank of England sees worst slump in 300 years as coronavirus bites – Reuters

The Bank of England said Britain could be headed for its biggest economic slump in over 300 years due to the coronavirus lockdown and kept the door open on Thursday for more stimulus next month.
— Read on www.reuters.com/article/us-health-coronavirus-britain-boe/bank-of-england-sees-worst-slump-in-300-years-as-coronavirus-bites-idUSKBN22I3BV

Pound Sterling (GBP) Latest: Goldman Sachs Picks as Top 2020 Idea – Bloomberg

Goldman Sachs Group Inc. is the latest Wall Street bank to bet on a pound rally in 2020 as it sees next month’s U.K. elections as a pathway to resolving Brexit.
— Read on www.bloomberg.com/news/articles/2019-11-22/goldman-joins-pound-bulls-seeing-brexit-boost-in-top-2020-trades

UK economy shrinks for first time since 2012 as Brexit bites

LONDON — The British economy shrank in the second quarter for the first time in six and a half years as Brexit uncertainties weighed on business investment and firms reduced their stockpiling of goods after Britain was granted an extension to its departure from the European Union, official figures showed
— Read on ca.finance.yahoo.com/news/uk-economy-shrinks-0-2-083840928.html

Pound Falling to Parity Is an Idea That’s Starting to Take Hold

(Bloomberg) — Follow @Brexit, sign up to our Brexit Bulletin, and tell us your Brexit story. Suddenly, the idea of pound parity seems less far-fetched as the risk grows that Britain may split with the European Union without a deal.Rupert Harrison, a fund manager at BlackRock Inc., is short the pound
— Read on ca.finance.yahoo.com/news/pound-falling-parity-idea-starting-040005641.html