Latest Reuters poll results showed that the chances of UK tripping into recession stand at 35% in the coming year, while BOE is seen slashing bank rate by 15 bps in Q4.
Key Details:
35% chance of UK recession in coming year versus 60% from July poll
UK economy to flatline this quarter, grow +0.1% next quarter
BOE to trim 15 basis points from bank rate in Q4
Reuters polled 70 analysts
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