BOE McCafferty Sees Improved Outlook for UK, Remain Cautious

Bank of England policymaker Ian McCafferty said that he was “cautiously optimistic” about Britain’s economy, though recovery would continue to be difficult.

“I see grounds for hope. Some of the forces that have held back recovery are easing. Supportive policies from the Bank are having an effect. Confidence is creeping up,” he wrote in a column for Monday’s edition of the Daily Mail.

The BoE’s Monetary Policy Committee, on which McCafferty serves, will meet next week to consider a quarterly economic forecast update and whether to restart the central bank’s asset purchase policy.


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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu