Latest BOE Agents' Summary of Business Conditions now published 21 June
- Moderate underlying growth in activity had continued overall. Annual sales growth in volume terms had continued to slow. Export volume growth had continued to increase, supported by the lower sterling exchange rate and stronger world growth.
- Investment intentions had strengthened a little further, including investment in technology and to support increased export demand. However, heightened uncertainty remained a drag on some businesses' willingness to invest.
- The direct impact of the fall in sterling on cost inflation for manufacturers' raw materials had eased, but increased costs continued to pass through supply chains into retail prices.
The Old Lady regularly publish a summary of reports compiled by twelve regional Agents following discussions with around 700 businesses across the UK. The report provides information on business conditions from firms across all sectors of the economy.
The reports do not represent the Bank's views, or those of any particular firm or region.
Full report here
A reminder that BOE dep gov and chief economist Andy Haldane speaks at 12.00 GMT.
Meanwhile GBPUSD still hanging in there at 1.2595 after 1.2589 lows so far. EURGBP finding expected offers/res into 0.8850
BOE Agents Summary now published
