Citigroup Inc., Nomura International Plc and Barclays Plc economists pushed back forecasts for a Bank of England interest-rate increase after policy makers noted that recent economic data had been on the downside.
All three banks now see the first increase as late as August rather than May. Michael Saunders at Citigroup in London also sees a slower tightening this year and has pencilled in two quarter-point increases rather than three previously, according to an e-mailed statement. Full Forex News