According to reporting by Reuters, the Confederation of British Industry (CBI) is warning that surveys of small- to medium-sized UK firms are bracing for a continued decline in output in the run-up to Brexit. Key quotes “Smaller British manufacturers expect their output to dip for the first time in seven years during the next three months, hurt by sagging order books ahead of Brexit, an industry survey showed on Wednesday. The report adds to a string of downbeat signals from manufacturers ahead of Brexit, now due in less than five months. “SME manufacturers are clearly feeling the pressure: both from softer global economic momentum, reflected in a tailing-off of exports orders, and Brexit uncertainty biting hard on investment plans,” CBI economist Alpesh Paleja said. Optimism about export prospects for the year ahead waned to the weakest level since April 2009, during Britain’s last recession. “(A) significant scaling back of planned capital spending is further proof that Brexit uncertainty is taking a real bite out of firms’ plans to grow and innovate,” Paleja said. 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/CNY fix projection: 6.9085 – Nomura FX Street 4 years According to reporting by Reuters, the Confederation of British Industry (CBI) is warning that surveys of small- to medium-sized UK firms are bracing for a continued decline in output in the run-up to Brexit. Key quotes "Smaller British manufacturers expect their output to dip for the first time in seven years during the next three months, hurt by sagging order books ahead of Brexit, an industry survey showed on Wednesday. The report adds to a string of downbeat signals from manufacturers ahead of Brexit, now due in less than five months. "SME manufacturers are clearly feeling the pressure: both… Regulated 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.
