BCC: UK economy set for "underwhelming" 2018 ahead of Brexit

FXStreet Team FXStreet

The British Chambers of Commerce's (BCC) published its latest Quarterly Economic Survey earlier today, with key findings noted below.

Businesses are in a subdued mood ahead of Brexit.

Companies continued to grapple with cost pressures in the last three months of 2017.

Companies reluctant to invest more.

Services sector continued to expand at a subdued pace.

Manufacturers reported a slowdown in both domestic and export sales.

Shows the UK services and manufacturing companies less confident about turnover for 2018.

The UK domestic sales of services and manufactured goods steady in Q4 2017, exports weaken.

36% of services firms expect to raise prices in Q1 2018, highest share since Q3 2008.

The BCC surveyed 3000 UK companies.

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