Bank of America just raised its EUR/USD forecast
Investing.com -- Andrew Bailey, Governor of the Bank of England, emphasized the importance of taking global trade disruption risks seriously due to their potential impact on economic growth. The remarks were made during an event at the Institute of International Finance in Washington on Wednesday.
Bailey’s comments came in response to a question about the extent to which the Bank of England has to consider the effects of U.S. President Donald Trump’s tariff and trade policy. He underlined that these policies could have significant implications for the UK, given its position as a highly open economy.
Bailey further explained that when the Bank of England models potential economic scenarios, it not only considers the impact on the UK but also the effect on growth in the rest of the world. This global perspective is necessary due to the interconnected nature of the world’s economies and the potential ripple effects of trade disruptions.
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