Zero Growth Forecast for the UK Economy

tony nguyen

Today’s focus will be on a series of vital economic releases which could set the tone for Sterling and the Euro. The Bank of England (BoE) Minutes, scheduled for release today, will be the most important event, with Sterling expected to be pushed lower as the MPC is likely to signal its support for additional quantitative easing.

The BoE policy maker, David Miles’ statement that the UK’s recovery has faltered and that growth is now “close to zero,” reconfirms the view that the domestic economic outlook continues to deteriorate.

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Zero Growth Forecast for the UK Economy

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