British economy demonstrates few signs of comeback as rate lift decision gets closer

British economy demonstrates few signs of comeback as rate lift decision gets closer

The British economy demonstrates few signs of recovering from lethargy due to the fact that the Bank of England is actually considering lifting interest rates. That’s what the British Chambers of Commerce unveiled on Friday.

The BCC's Quarterly Economic Survey of businesses informed that sales at services firms, making up the core of the UK economy were quite robust in the third quarter.

However, there weren’t any visible signs of a pick-up in investment or pay pressures, both of which Britain’s key bank expects to inch up greatly in 2018.

In general, the BCC labeled the poll as "uninspiring", pointing out that currency fluctuations, political uncertainty along with Brexit definitely affect UK businesses.

Notwithstanding confounding estimates that the 2016 vote to break up with the European Union would cause a sudden slowdown, the British economy has struggled in 2017, reporting its worst first-half performance since 2012.

Similar

US Evades Default This Time
US Evades Default This Time

Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!

USD Gains Momentum
USD Gains Momentum

The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!

Latest news

No More US Debts in Sight
No More US Debts in Sight

The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.

Gold Rises as Central Banks Buy More
Gold Rises as Central Banks Buy More

About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera