British Chambers of Commerce Optimistic About UK Economy

UK companies saw sales and optimism jump in the third quarter, according to the British Chambers of Commerce (BCC).

Service firms saw UK sales and orders rise at the fastest pace since 2007, while the rises for manufacturing were the sharpest since the early 1990s.

“It’s clear that the UK upturn is gathering momentum,” said David Kern, BCC chief economist.

But a British Retail Consortium survey showed UK retail sales slowed for a second consecutive month in September.

“These figures are a reality check and will make retailers nervous as we enter the run up to Christmas,” said David McCorquodale, head of retail at KPMG, which helped compile the BRC data.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
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