Remember this? Base case is now no-deal Brexit - Barclays. It just got worse.
Adam had the info yesterday on Barclays forecasting a UK recession and hefty rate cuts from the Bank of England
Well, Barclays have cranked it higher now, expecting deeper cuts from the FOMC because of the Brexit recession.
- forecasting 3 Fed rate cuts by the end of this year (Barclays were at another two only)
- saying the no deal Brexit will be an added drag on global growth