A piece via Reuters on a CBI survey of business
- Outlook was the weakest since December 2012
- Proportion of firms expecting lower output was now 3 percentage points higher than the share expecting growth
- This marked a sharp turnaround from June, when there was a 16 percentage point margin in favour of those anticipating growth
(Note the survey was conducted between June 27 and July 14, when sentiment was likely near its post-vote worst)
More here
-
- BoE meeting coming Thursday - rate cut expected
- Also, late last week I posted (briefly, I was busy being beaten senseless by the yen volatility) on better business confidence in the UK. Curious.