UK business confidence held steady in March, matching February’s six-month high, according to Lloyds Bank.
Lloyds Business Barometer March 2025 came in at 49 vs. expected 50 and February's 49Retailers showed strong sentiment, aligning with official data showing a surprise jump in February retail sales.
Confidence in own trading prospects hit its highest level since 2017, despite broader economic uncertainties.
Manufacturing sentiment fell sharply, reflecting concerns echoed in the recent S&P Global PMI data.
Upcoming U.S. tariffs, domestic tax hikes, and energy bill increases may challenge the UK's early 2025 recovery.
Hiring, pay, and price expectations eased, suggesting a cautious outlook despite signs of underlying growth.
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GBP slipped early but it has;t followed through lower to much of an extent:
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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