Goldman’s forecast is for just 0.9 per cent UK GDP growth this year, which is a lot lower than consensus (1.3 per cent), the BoE (1.5 per cent) and the OBR (2 per cent). This is no time to keep policy restrictive, the team says:

Shares of Veeva Systems (NYSE:VEEV) fell about 4% premarket on Thursday after Goldman Sachs downgraded the stock to Sell from Buy, citing medium-term risks. The firm also lowered its price target on the shares to $200 from $261.