UK business confidence held steady in March, matching February’s six-month high, according to Lloyds Bank.
- Lloyds Business Barometer March 2025 came in at 49 vs. expected 50 and February’s 49
Retailers showed strong sentiment, aligning with official data showing a surprise jump in February retail sales.
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Confidence in own trading prospects hit its highest level since 2017, despite broader economic uncertainties.
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Manufacturing sentiment fell sharply, reflecting concerns echoed in the recent S&P Global PMI data.
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Upcoming U.S. tariffs, domestic tax hikes, and energy bill increases may challenge the UK’s early 2025 recovery.
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Hiring, pay, and price expectations eased, suggesting a cautious outlook despite signs of underlying growth.
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GBP slipped early but it has;t followed through lower to much of an extent:
