Economists polled by Reuters expect the Bank of Canada to cut interest rates twice before the end of the third quarter. However, TD Securities chief strategist Andrew Kelvin believes the central bank will keep borrowing costs at 2.75% in April, awaiting clearer data on the impact of trade tariffs.
Barclays has revised its UK GDP growth forecast in the first quarter (Q1) up to 0.7%, following the release of optimistic economic data for February. The increase was caused by a significant rise in US export volumes by companies attempting to avoid future duties.
According to a recent Deloitte’s survey conducted March 18–31, major UK companies adopted a defensive stance ahead of US President Donald Trump’s April 2 tariff announcement. They focused on boosting cash flow, cutting costs, and reducing borrowing.
An increase of the indicator value may contribute to the rise in quotes of CAD.
A decrease of the indicator value may contribute to the fall in quotes of GBP.
The GBP publication is expected
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