The FED has cut rates by 0.25% to 1.75%-2%. The ECB cut its deposit rate by 0.1% to a negative 0.5% and restarted QE at €20bn per month. Now it’s the turn of the governments to step up to the plate.
Increased Brexit uncertainty and escalating global trade tensions knocked British manufacturers in August. The purchasing managers’ index fell to 47.4 from 48 in July, its lowest reading since July 2012.