Bank of England Agents' Summary of Business Conditions, July 2016 Update
Looks like we're back up and running. Seems issue was BT broadband in UK. Apols for lack of posts but hopefully you've seen the tweets.
This is the BOE agents report that came out at the same time as the UK jobs/wages data and gave the pound a further boost with relatively upbeat post-Brexit assessment.
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- Following the EU referendum, business uncertainty had risen markedly. Many firms had only just begun to formulate new business strategies in response to the vote and, for the time being, were seeking to maintain 'business as usual'. A majority of firms spoken with did not expect a near-term impact from the result on their investment or staff hiring plans. But around a third of contacts thought there would be some negative impact on those plans over the next twelve months. As yet, there was no clear evidence of a sharp general slowing in activity. A box on page 3 provides more details on intelligence gathered since the referendum.
Full report here
