UK economy seeks to balance Brexit with global strains

https://ift.tt/2RBzLlC

Britain's economy, lifted by the country's post-election political stability, risks fresh turbulence as Prime Minister Boris Johnson seeks tricky Brexit trade deals amid global threats that include the coronavirus. On eve of Brexit, there is a strong possibility that the Bank of England will later Thursday announce its first interest rate cut in more than three years, as economic headwinds gather on the horizon. "There's still a huge amount of uncertainty over Brexit ahead of the deadline at the end of this year," OANDA analyst Craig Erlam told AFP.