Register
Demo
Contacts
 

Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Optimistic Economic Outlook for the U.K

September, 18 2017
watermark Economic news

According to the Bank of England officials, the UK economy is getting quite more bullish. The Centre for Economics and Business Research revised its projection upwards for the British economy on Monday. The organization noted that the manufacturing sector rose, while the worst scenario on consumer-spending squeeze had already buttoned up.

Moreover, the macroeconomic consulting team predicted that the United Kingdom will grow by 1.6 percent for 2017, 1.4 percent for next year which shows an expansion of 1.3 percent versus the previous 1.2 percent.

The changes were applied after the BOE policy makers mentioned last week regarding their thoughts to increase interest rates for the first time after a decade. Despite the risks imposed by the Brexit, the economic statistics still showed some slightly stronger figures than expected.

Before the week ends, the British pound will reach 3 percent approximately as markets are pricing for a rate hike in February. Moreover, Deutsche Bank, Barclays, and Scotiabank are the banks that predicted about the increase in November.

World-Class Trading Platform

Professional Customer Support

Best Execution

Logo

QUICK LINKS

+ 442 030 976 697
Contact Us
Feedback
twitter

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
defer(function(){ $("#cookies_modal").modal('show'); setCookie('fm_cookies', 'agree'); $(document).on('click', ".fm_cookies", function () { $("#cookies_modal").modal('hide'); setCookie('fm_cookies', 'agree'); }); }); function setCookie(key, value) { var expires = new Date(); expires.setTime(expires.getTime() + (10 * 365 * 1 * 24 * 60 * 60 * 1000)); document.cookie = key + '=' + value + ';expires=' + expires.toUTCString(); }
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.