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Jun 21 2019, 07:50 IST/BST
To nobody’s surprise, the Bank of England yesterday (June 20th) kept rates on hold, but the Monetary Policy Committee’s statement struck a more dovish tone – expecting GDP growth to be flat in Q2 2019 and fretting that the likelihood of a ‘no-deal’ Brexit had increased. Moreover, yesterday saw UK retail sales contracting for a second month – raising fears that household spending is faltering on Brexit concerns.
Jun 21 2019, 07:50 IST/BST