27/12/2018 - UK Business Confidence Falls

GBP

Early this morning a report from a survey of company directors revealed business confidence in the British economy has fallen to the lowest level since the EU referendum.

Business leaders in all parts of the UK are gloomy about 2019, said the Institute of Directors. About 57% of more than 700 company directors surveyed expected things to get worse, compared with less than 20% predicting improvement. The worse net score since the IoD started its confidence survey in 2016 and the data showed leaders of large firms were most likely to anticipate a downturn.

Unsurprisingly, the top concern for directors remains the UK’s general economic condition, followed by the uncertain future trading relationship with the EU and a shortage of skilled workers to fill jobs.

Key Announcements

15:00 - USD: Consumer Confidence