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British Firms are Optimistic despite Weak UK Economy


April, 30 2018
watermark Economic news

The Lloyds Bank survey indicates that British firms are very optimistic towards its economy. More than half of British companies are feeling upbeat compared in the past months. However, the balance is expecting for a sharp decline in trading based on the published report on Monday. The poll was participated by 1,200 businesses made on March 29 and April 18.


During that period, the sterling pound surge to its maximum level compared with the American dollar since the Brexit referendum but inflation was reduced to 2.5 percent in March. Moreover, retail and manufacturing reports were slightly positive and improvements which the survey may temporary confidence. Figures published on Friday recorded the worst performance of the economy since the end of 2012 in Jan-Mar period. The retail industry had the lowest confidence level according to Lloyds, this is because of the harmful weather condition that affected sales in the first quarter.

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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.