Despite the BoE’s recent hawkish shift, Pictet Wealth Management believes that political, macro and market headwinds will limit the central bank’s ability to tighten policies beyond the rate hike it has already signalled for. Pictet Wealth Management is negative on the UK’s short- and long-term macroeconomic prospects, forecasting growth of 1.5% in 2017 and 1.0% in 2018, which is below…
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