Sterling drops as Bank of England cuts UK growth tip to zero

The Bank of England has cut its growth forecast for Britain’s economy to zero for the second quarter of 2019 on and has highlighted risks from global trade tensions and growing fears of a no-deal Brexit.

BoE England officials voted unanimously to hold interest rates at 0.75%, despite some recent suggestions from a couple of policymakers that borrowing costs should go up sooner rather than later.