Goldman Sachs out with a client note on the UK 22 April
- prev forecast Q4 2016
- 2016 and 2017 GDP forecasts lowered to +2.1% vs +2.3% and +2.2% prev
- continues to believe that BOE will not lower bank rate
- neutral (real) rate estimate lowered to -0.1% suggesting nominal rate of 1-2% vs bank rate at +0.5%
No great shocks here. Posting for info.
Meanwhile GBPUSD 1.4355 off session highs of 1.4367 underpinned by GBPJPY demand.
