Business and Professional Services Maintain Extremely Negative Outlook About the UK Economy in the Year Ahead - Forex News by FX Leaders
Brexit Back in the Headlines

Business and Professional Services Maintain Extremely Negative Outlook About the UK Economy in the Year Ahead

Posted Wednesday, May 29, 2019 by
Arslan Butt • 1 min read

According to a survey by the Confederation of British Industry (CBI), business and professional services companies in the UK experienced the largest fall in volume of work since August 2012. This sector is expected to cut investment at the fastest pace since 2010 over the “extremely negative” outlook for the upcoming year.

Brexit uncertainty remained the main driver for the fall in business investment throughout 2018, which has only registered a slight increase so far in 2019. The CBI’s findings were published after a survey of 129 companies between April 29 and May 14.

The silver lining is that although companies are cutting down on business investment, they remain optimistic about hiring more workers despite Brexit woes.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
Related Articles
Comments
0 0 vote
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments