UK Business Confidence Rebounds to a 13-Month High, Lloyds Says
- Firms more optimistic about trading prospects and economy
- Figures signal economic resilience despite interest-rate hikes
The BOE stepped up its campaign with a larger-than-expected half-point rise to 5%, the highest since 2008.
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UK business confidence rose to a 13-month high in June as firms shrugged off another Bank of England interest-rate increase, a survey by Lloyds Banking Group Plc found.
Lloyds’ Business Barometer showed optimism increasing 9 percentage points to 37%, rebounding from a dip in May. Executives said they were more confident about their own trading prospects and the wider economy.