img CDN
img AUS
img NZ
img US
Call us now: 1.844.363.7297
imgOnline Dealing Login

BOE Cuts 2019 Outlook | May Set to Delay Brexit

Published February 7, 2019
  • Bank of England keeps main interest rate unchanged at 0.75 percent as it awaits clarity on Brexit. Economic forecasts for UK growth are also downgraded to 1.2 percent in 2019, the weakest level in a decade over Brexit uncertainty.
  • British Prime Minister Theresa May is preparing to delay the second parliament vote on her Brexit deal until the end of February. The vote on a new deal is now being planned for the week beginning Feb. 25, just over a month before Britain is due to leave the EU on March 29.
  • Initial claims for US unemployment benefits tumbled 19,000 to a seasonally adjusted 234,000 for the week ended February 2, above economist forecasts for 221,000 after the highest reading in more than a year the Labor Department said on Thursday.
  • Fed Chairman Jerome Powell said his goal is for the central bank to earn the public’s trust. Powell acknowledged that the US economy is in a good shape as unemployment is still low and inflation close to Fed target zone.