Reuters reporting on a survey by business group CBI and PwC in the UK
- "A combination of macroeconomic and Brexit uncertainty, regulatory compliance and global market volatility are taking a toll on the UK's financial services sector," CBI Chief Economist Rain Newton-Smith said."The persistent weakness in optimism and the deterioration in expectations sound a warning for the outlook."
There is a bit more detail at the link, here, and its not all gloom:
- Despite an overall gloomy tone, headcount in the financial sector is expected to rise in the current quarter and investment intentions remain broadly stable, the survey said.
