BoE unlikely to master inflation and recession without damaging GBP – Commerzbank

BoE unlikely to master inflation and recession without damaging GBP – Commerzbank

BoE unlikely to master inflation and recession without damaging GBP – Commerzbank| Sterling got a right old battering yesterday. Economists at Commerzbank expect GBP to continue struggling for the time being. BoE torn between inflation Scylla and recession Charybdis “The ONS announced that government deficit in December was higher than had been expected. The budget data rightly constitutes a GBP negative factor. Because against their background, real economic data are under much stronger scrutiny.” “For none of the economic areas …