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UK Economic Data - Pound Sterling ticks lower as traders continue to favor BoE dovish bets

29-04-2025 00:47

The Pound Sterling faces slight selling pressure as the BoE is widely expected to cut interest rates in May. BoE’s Greene expects that Trump’s tariff policy will be disinflationary for the UK economy.

UK growth could be 'postponed' for two years, report warns

EY ITEM Club forecast cites damage from trade war, tariff uncertainty and persistent inflation but says action by the Bank of England has the potential to help.

US tariffs threaten to derail UK economic growth, EY warns

US tariffs threaten to derail UK economic growth, EY warns - EY said it was now expecting UK GDP to grow by 0.8% this year, down from the 1% growth projected in February.

Rate cut speculation lights up as economic outlook darkens

Data suggests confidence among businesses and consumers is falling sharply as the Trump trade war combines with rising costs to threaten a greater slowdown.

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