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BCC Preparing For Underwhelming 2018 For the UK

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Britain’s economy looks set for an underwhelming 2018, according to a major survey on Wednesday that showed businesses are in a subdued mood ahead of Brexit.Companies continued to grapple with cost pressures in the last three months of 2017 and were reluctant to invest more, the British Chambers of Commerce’s (BCC) Quarterly Economic Survey showed.The services sector, which represents the lion’s share of Britain’s economy, continued to expand at a subdued pace, the BCC said. Manufacturers did better than services firms, but still reported a slowdown in both domestic and export sales.

Source: UK economy set for ‘underwhelming’ 2018, says British Chambers of Commerce – Reuters

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.
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