The pound shrugged off the Bank of England’s warnings of weaker economic growth on Thursday, making gains on the US dollar and the euro as talks with the EU resumed. The pound shrugged off the Bank of England’s warnings of weaker economic growth on Thursday, making gains on the US dollar and the euro as talks with the EU resumed. The UK’s central bank said Brexit uncertainty is set to see growth slump to its lowest level for 10 years in 2019, as it held interest rates at 0.75%. Governor Mark Carney also warned about the mounting risk of recession in the event of a no-deal Brexit. The online grocer said on Wednesday that the fallout of the fire was likely to hold back its sales growth.

Source: Irish Independent February 07, 2019 17:28 UTC