{"id":141349,"date":"2019-02-07T10:57:44","date_gmt":"2019-02-07T15:57:44","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=141349"},"modified":"2019-02-07T20:20:33","modified_gmt":"2019-02-08T01:20:33","slug":"cautious-boe-warns-on-fog-of-brexit","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/02\/cautious-boe-warns-on-fog-of-brexit\/","title":{"rendered":"Cautious BoE warns on \u201cFog of Brexit\u201d"},"content":{"rendered":"<div id=\"inves-3261001942\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">February 7, 2019<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/strong><\/p>\n<div class=\"article-body\">\n<div class=\"field-body\">\n<div class=\"field-items\">\n<div class=\"field-item even\">\n<p>Sterling dipped on Thursday afternoon before later recovering after the Bank of England warned about the \u201cfog of Brexit\u201d and its unfavourable impacts on the economy.<\/p>\n<p>In a widely expected move, the Bank of England left interest rates unchanged at 0.75% in February. However, the endless uncertainty over Brexit and slowing global growth forced the central bank to cut\u00a0its 2019 economic growth forecast. UK growth is now expected to expand 1.2% this year from 1.7% projected in November. With the BoE\u2019s dovish slant also dampening expectations over further interest rate hikes anytime soon, the battered Pound could be in for further punishment.<\/p>\n<p>The key takeaway from today\u2019s BoE meeting is that the damage to the economy from Brexit has increased. With businesses holding back on spending and consumer feeling the heat, the BoE is likely to maintain a cautious stance until more clarity and direction on Brexit is provided.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><em><strong>Disclaimer: <\/strong>The content in this article comprises personal opinions and should not be construed as containing personal and\/or other investment advice and\/or an offer of and\/or solicitation for any transactions in financial instruments and\/or a guarantee and\/or prediction of future performance. ForexTime (FXTM), its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness, of any information or data made available and assume no liability as to any loss arising from any investment based on the same.<\/em><\/p>\n<\/div>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"https:\/\/www.countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\" rel=\"noopener\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime Sterling dipped on Thursday afternoon before later recovering after the Bank of England warned about the \u201cfog of Brexit\u201d and its unfavourable impacts on the economy. In a widely expected move, the Bank of England left interest rates unchanged at 0.75% in February. However, the endless uncertainty over Brexit and slowing global [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-141349","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/141349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=141349"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/141349\/revisions"}],"predecessor-version":[{"id":141351,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/141349\/revisions\/141351"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=141349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=141349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=141349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}