Latest Bank of England regional agents survey now published 21 Sept
This publication is a summary of monthly reports compiled by the Bank of England's Agents between late May 2016 and late August 2016. It generally makes comparisons with activity and prices a year earlier. The report does not represent the Bank's views, or the views of any particular company or region.
For Q3 2016, the Agents reported that:
- The annual rate of activity growth had slowed overall as uncertainty rose following the EU referendum, although it remained positive. However, business sentiment improved slightly in August following a marked dip in the immediate aftermath of the referendum.
- Consumer spending growth and confidence had been more resilient. Although housing market activity had fallen markedly in London and in parts of the surrounding area, it had held up relatively well in other parts of the United Kingdom.
- Companies' investment and employment intentions had fallen, and were consistent with broadly flat levels of capital spending and employment over the coming six to twelve months.
Nothing in this report ( the second since Brexit vote) on first sight that's going to shake the pound around too much.
GBPUSD still pinned down by cross-ccy flows.
Full report here
