Wednesday September 23, 2020

Sterling fears curb post-Brexit business recovery

Surveys paint brighter picture, but costs and consumer caution are worries

1st November, 2016
Pic: RollingNews.ie

A number of surveys released today show business sentiment regaining some ground in recent weeks after the initial hit caused by Britain’s vote to leave the EU in June.

The Bank of Ireland Economic Pulse, which surveys 2,000 businesses and 1,000 consumers, recorded 94.5, up from 90.4 in September. It has now recovered around one-third of the ground lost after the Brexit vote.

The increase was mainly driven by an improvement in business sentiment - up 5.3...

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