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British Chamber of Commerce Upgrades UK Economy Forecast

The BCC said it expected output to increase by 0.9% this year, up from a previous growth prediction of 0.6%.

It sees gross domestic product (GDP) for 2014 being raised from 1.7% to 1.9%, and for 2015 from 2.2% to 2.4%.

“The upward revision in our growth forecasts is encouraging,” said BCC director general John Longworth.

He told the BBC that many businesses were telling him conditions were not too bad.

“Businesses tend to say ‘we’re doing OK’,” he said. “Businesses are in fact doing OK – not great, but OK.”

via BBC [1]

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Alfonso Esparza

Alfonso Esparza [6]

Senior Currency Analyst at Market Pulse [7]
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza
Alfonso Esparza

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