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

Japan manufacturers' mood tacks on to 11-year maximum

In January, confidence among Japanese manufacturers rallied to an 11-year maximum, as the Reuters Tankan survey unveiled on Monday, showing corporate optimism powered by almost two years of uninterrupted economic expansion as well as a buoyant stock…

Popular

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

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