UK data - Lloyds Bank business sentiment index hits its highest since November 2015

  • Lloyds Bank Business Barometer50% in May (prior 42%), highest in 8 years

Lloyds Bank Business Barometer jumped by eight points to 50% in May

  • highest since November 2015
  • confidence about the broader economy was its highest since September 2021

Less encouraging from the report (via Reuters) is that more businesses said they expected to increase their prices for the second month in a row.

GBP not doing much on the data:

gbp uk business confidence may 2024 2

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