The quarterly economic survey conducted by the British Chambers of Commerce (BCC), painted a bleak picture of the UK’s economic growth prospects, indicating that the Bank of England (BOE) rate hike talks appear ill-judged”. Key Points: The UK services and manufacturing company domestic sales picked up slightly in Q2. The UK business investment intentions and confidence weaken. BCC Head of Economics Suren Thiru, noted: “While the modest pick-up in domestic activity points to a slight rebound in growth from a weak first quarter, there remains little evidence in the current data to suggest a sustained upturn in the UK’s economic growth prospects. Against this backdrop, the Bank of England’s recent rhetoric around raising interest rates continues to look ill-judged.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY risk reversals hit three-week high FX Street 4 years The quarterly economic survey conducted by the British Chambers of Commerce (BCC), painted a bleak picture of the UK's economic growth prospects, indicating that the Bank of England (BOE) rate hike talks appear ill-judged". Key Points: The UK services and manufacturing company domestic sales picked up slightly in Q2. The UK business investment intentions and confidence weaken. BCC Head of Economics Suren Thiru, noted: "While the modest pick-up in domestic activity points to a slight rebound in growth from a weak first quarter, there remains little evidence in the current data to suggest a sustained upturn in the UK's economic… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
