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home / news releases / UGBP - U.K. Budget Ease Follows Coordinated BOE Rate Cut


UGBP - U.K. Budget Ease Follows Coordinated BOE Rate Cut

By David Zahn, CFA, Head of European Fixed Income, Franklin Templeton Fixed Income

Newly appointed UK Chancellor of the Exchequer Rishi Sunak tore up the fiscal rulebook and unveiled a spend-heavy UK budget, announced just after the Bank of England delivered an emergency interest-rate cut. Our David Zahn, Head of European Fixed Income, weighs in, noting that the UK government is one of the first to provide a coordinated fiscal and monetary policy response to battle the economic impact of the coronavirus.

It appears UK policymakers will do whatever it takes to battle the economic

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Stock Information

Company Name: Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2032 USD 25 - 17326E159
Stock Symbol: UGBP
Market: NYSE

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