Britain's economy seems set for a totally underwhelming 2018, as follows from a key poll unveiled on Wednesday. It disclosed that UK businesses appear to be in a subdued mood ahead of Brexit.
For the last three months of 2017 British companies kept grappling with cost pressures, and they were reluctant to invest more, as the British Chambers of Commerce's Quarterly Economic Survey revealed.
The services sector, representing the biggest share of the UK economy, kept expanding at a subdued tempo, as the BCC told. Manufacturers performed better than services businesses, although there still was a slowdown in both exports and domestic sales.
In general, the poll suggested that the British economy ascended moderately at the end of 2017, having picked up a bit for the three months to September with quarterly surge of 0.4%, which is below a historic trend of 0.6%.
Market experts surveyed by Reuters are assured that the world's number six economy will expand moderately in 2018, underperforming many of its peers, although performing better than the gloomy forecasts made around the time of the shocking vote to break up with the European Union in mid-2016.
On Thursday, American leader Donald Trump unveiled that he generally disliked the Fed’s decision to have interest rates lifted, telling that he was concerned about their probable impact on the American economy as well as American competitiveness…
Inflation data is the most important indicator that affects the central bank’s monetary policy.
Although yesterday the US dollar index closed at the low level comparing to the daily movement, today it has been moving up again.
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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