Latest BOF forecasts 9 Dec
- 2018 GDP +1.4%
- 2019 +1.5%
- cites faster EZ activity offsetting weaker domestic demand
- public deficit to fall from 3.3% of economic output this year to 3.1% in 2017 missing the govt target of 2.7% and an EU-imposed limit of 3%
Meanwhile EURUSD 1.0616 near session highs but tightly bound as markets try and make sense of yesterdays ECB action and subsequent moves.
