Recession risks spark UK market jitters ahead of BoE decision ...Qatar

UK markets are sounding the alarm over a potential recession, piling pressure on the Bank of England to balance curbing surging inflation with protecting growth. An index of discretionary retail stocks has tumbled 26% this year as consumer confidence slumps to the lowest since 2008, while nearly 2,000 businesses are in critical financial distress. The pound is trading at levels not seen since the early days of the pandemic, and money markets bet central bankers will have to cut rates in coming years after sharp hikes in 2022. It’s a “pretty ugly backdrop” to set the scene for the BoE’s meeting next week, according to BlueBay Asset Management’s Mark Dowding. Policy makers will have to take i

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