Market updates on July 16
Welcome to Tuesday!
Three polls point to UK investment letdown
Prospects that business investment in Great Britain is going to strengthen in 2018 have been dealt an early blow by three polls, and none of which indicated improvement.
The polls of lenders as well as businesses might disappoint Bank of England officials, expecting the recovering global economy will provoke a moderate strengthening of internal investment this year, even as Great Britain heads for its exit from the EU.
However, BoE Governor Mark Carney might not be surprised because he has already told that surge in business investment hasn’t appeared to be as firm as it would naturally be during an upswing worldwide.
The polls conducted for the last week backed that message.
According to Thursday's BoE Credit Conditions Survey, British lenders posted a hefty tumble in capital investment as a major demand driver for business loans for the fourth quarter.
In November the Bank of England told that it actually expected business investment to soar by 2.75% in 2018 versus 2.5% in 2017.
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