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The latest updates and articles from Arbuthnot Latham
The Bank of England kept monetary policy on hold yesterday as expected, however the committee was rather downbeat on the economic outlook, and there is a growing likelihood of further QE in November
Brexit is once again dominating the headlines, with talks intensifying this week, as we move ever closer towards the initial October deadline.
Bank of England officials this week were rather downbeat on the economic outlook, indicating further QE is likely.
US equities this week have hit record highs, on hopes of an improvement in its trade relations with China.
UK retail sales figures this morning were much stronger than expected, although government debt has topped £2 trillion for the first time.
UK data this week showed the economy shrank by a record 20.4% in the second quarter, which was slightly better than expected.
The Bank of England met this week, keeping policy on hold as widely expected. The committee was unanimous in voting to maintain interest rates at the record low of 0.10%.
Markets were more stable this week, although uncertainty and volatility remain extreme. Weak US data has only added to the uneasy sentiment, along with the various forecasts of just how big the global recession is likely to be.
Ruth Lea CBE
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