BOE GDP Forecast Cut May Need More Tweaks as Brexit Materializes

(Bloomberg) -- The Bank of England's near-term economic growth outlook is looking a little less rosy, with the forecast for this year being cut yet again and the statement calling the expansion "sluggish." Remember, though, these predictions are based on the assumption of a "smooth" Brexit, so we could see still more revisions down the road if that situation changes.

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To contact the reporter on this story: Lucy Meakin in London at lmeakin1@bloomberg.net.

To contact the editors responsible for this story: Paul Gordon at pgordon6@bloomberg.net, Romaine Bostick at rbostick@bloomberg.net, Kristine Aquino