The Bank of England governor Andrew Bailey believes that interest rates in the UK are still on a “downward path” and has acknowledged that the uncertainty caused by trade tariffs means businesses are even more cautious about spending. In turn, while the overall impact from them is still yet to be seen, Mr Bailey says tightening rates further could be more harmful.
Elsewhere, reports have suggested the London Stock Exchange’s biggest firm, AstraZeneca, could push for a move in its listing to the US, with the chief executive frustrated by the current environment. The pharmaceutical firm has a market capitalisation of around £160bn.
