Weak Pound is net positive, Trump’s Fiscal plan may be stymied - Investec

In an interview with Tip TV, Phillip Shaw, Chief Economist at Investec details the Trump policy uncertainty and the possibility that Trump’s fiscal plan may be watered down given the fact that Republicans tend to be fiscally conservative.

Shaw feels the drop in the Pound since June 24, 2016 is a net positive for the UK GDP, but adds that Sterling could recover in the days ahead.

Watch the full segment to know if the BOE would indeed raise rates in the next couple of years.

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