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UK Business Confidence is on the rise

UK Business Confidence is on the rise

Business confidence is on the rise across most of the UK, although manufacturers are less positive. Growth forecasts holds steady this year at 1% by the Confederation of British Industry. Also, the accountancy firm, BDO stated that business confidence improved in April, mainly in the service sector.

The Euro is near to one-month lows against the Dollar on Monday as the U.S. economic outlook is indicating that the Federal Reserve may decrease its quantitative easing program. This potential decrease has made the dollar more attractive all round, hence we have also seen the GBP/USD rate fall from its recent highs.

The US data week will release with last month’s retail sales figures today. Economists’ expect the data to show that sales fell 0.3%, following a 0.4% decline in March.

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