Bank of England releases their agents' summary of business conditions for Q4 2017

  • Manufacturing supported by past fall in GBP
  • Surveys point to modest investment growth in the near-term
  • Investment intentions had remained consistent with modest growth
  • Pay growth edged up, expected to be higher in 2018
  • Brexit was expected to reduce sales in 2020, but was considered unlikely to influence wage growth

Just some general comments on the UK economy by the BOE. Not one to move markets. GBP is looking a bit hot again now, but has been testing that pesky 1.3400 level against the USD for the last 15-20 minutes. Still finding it tough as I pointed out here.

Though the touching on wages can be interpreted as a little positive - but I don't think it'll be read into too much.