UK 'has 35% chance of slipping into recession in coming year – Reuters poll

Latest Reuters poll results showed that the chances of UK tripping into recession stand at 35% in the coming year, while BOE is seen slashing bank rate by 15 bps in Q4.

Key Details:

35% chance of UK recession in coming year versus 60% from July poll

UK economy to flatline this quarter, grow +0.1% next quarter

BOE to trim 15 basis points from bank rate in Q4

Reuters polled 70 analysts