BOE report: UK economic activity remained broadly stable

Haresh Menghani FXStreet

Here are some of the key results from the Bank of England (BOE) agents' summary of business conditions for Q4 2017.

• Manufacturing supported by past fall in GBP
• Surveys point to modest investment growth in the near-term
• Investment intentions had remained consistent with modest growth
• Pay growth edged up, expected to be higher in 2018
• Brexit was expected to reduce sales in 2020, but was considered unlikely to influence wage growth

The headlines provided a minor boost to the British Pound, with the GBP/USD pair holding near the 1.3400 handle ahead of the BOE Governor Carney’s testimony on the Financial Stability Report before the Treasury Select Committee.

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Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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