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UK interest rates, GBP/USD and other key markets with OANDA’s Craig Erlam

UK Investor Magazine

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The UK Economy and the Rate Hike

The IMF and Bank of England now believe that the UK will avoid a recession. But does what we saw last Thursday increase the chance of a recession here? And do you expect to see any revisions to the growth forecast for the rest of this year from the Bank of England and the ONS? Yeah, I mean, I consider myself quite an optimist, but I've got to be honest, when it comes to the UK, I've been in the more pessimist again to the scale for the last six to 12 months," he says.

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