Bulletin
Investor Alert

Market Pulse Archives

Dec. 13, 2019, 4:07 a.m. EST

Economist: Conservative victory will give U.K. economy 'breathing space'

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    British Pound (GBPUSD)

or Cancel Already have a watchlist? Log In

By Steve Goldstein

GBPUSD

An economist said the Conservative victory in the general election will give the British economy some "breathing space" to recover after not growing at all in the three months to October. "Business confidence should recover, now that a no-deal Brexit isn't a risk in January 2020 and the outlook for domestic policy over the next five years is relatively clear," said Samuel Tombs, chief U.K. economist at Pantheon Macroeconomics. "Many firms will be able to invest, knowing that corporation tax likely won't rise, wages won't increase rapidly and Labour's socialist agenda will not be implemented soon." The rise in sterling /zigman2/quotes/210561263/realtime/sampled GBPUSD +0.0538% should help keep CPI below the Bank of England's 2% target, he added.

/zigman2/quotes/210561263/realtime/sampled
US : Tullett Prebon
1.3016
+0.0007 +0.0538%
Volume: 0.0000
Jan. 21, 2020 12:31a
loading...

This Story has 0 Comments
Be the first to comment
More News In
Economy & Politics

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.