According to the latest survey conducted by the Make UK industry association and accountants BDO, Britain’s manufacturers remain little optimistic on the recovery from coronavirus pandemic induced manufacturing recession, with no evidence of a ‘V-shaped’ recovery. Key findings “The survey’s quarterly gauge of investment intentions fell to -32% from -26%.” “The manufacturers’ employment expectations deteriorated in the latest Make UK/BDO survey, although its gauge of future output improved somewhat.” Stephen Phipson, Chief Executive at Make UK, said: “Manufacturing has begun to climb away from the abyss that it stared into earlier in the year.” “But, make no mistake it is going to be a long haul back towards normal trading conditions, with talk of a ‘V’-shaped recovery nothing more than fanciful, Phipson added. Market reaction The pound is undeterred by the above findings of the survey, as GBP/USD looks to extend gains above 1.2950 amid broad US dollar weakness. 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 Value shares to fare better on a Covid-19 vaccine vs. cyclical stocks – Goldman Sachs FX Street 1 year According to the latest survey conducted by the Make UK industry association and accountants BDO, Britain’s manufacturers remain little optimistic on the recovery from coronavirus pandemic induced manufacturing recession, with no evidence of a ‘V-shaped’ recovery. Key findings “The survey’s quarterly gauge of investment intentions fell to -32% from -26%.” “The manufacturers’ employment expectations deteriorated in the latest Make UK/BDO survey, although its gauge of future output improved somewhat.” Stephen Phipson, Chief Executive at Make UK, said: “Manufacturing has begun to climb away from the abyss that it stared into earlier in the year.” “But, make no mistake it is… 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.
