Bank of England Warns on Market Impact of Trump Tariffs

Greater risk to UK economy following Trump's tariffs, says Bank of Eng

The future of the UK economy is weaker and more uncertain due to President Trump’s tariffs and conflict in the Middle East, the Bank of England has said. “The outlook for UK growth over the coming year is a little weaker and more uncertain,” the central bank said in its biannual health check of the UK’s financial system. Economic and financial risks have increased since the last report was published in November, as global unpredictability contin…

Bank of England warns on market impact of Trump tariffs

The Bank of England has warned the UK could be particularly affected by further shocks to markets as a result of being “an open economy with a large financial sector”.  The Bank’s Financial Policy Committee (FPC) warned that while bond markets had deteriorated, they could be in a worse position if President Trump followed through with tariffs.  The report also noted that the collapse in the link between a strengthening in the US dollar and Treas…