Schulz: Brexit a Risk for U.K., European, Global Economy

The UK economy is facing challenges, with PMI data indicating uncertainty affecting economic sentiment. While some Eurozone data is strong, the UK remains at risk. The Bank of England may need to act, possibly with a rate cut. Financial markets initially reacted sharply but stabilized, aided by central bank communications. The future outlook depends on further data and economic developments.

What actions are anticipated from the Bank of England in response to economic data?

What factors contributed to the recovery in financial markets as discussed in the text?