British firms remain to be extra cautious but, on the other hand, the UK business confidence indicators rise from the start of the year. This was according to some surveys of the UK firms. As a matter of fact, the confidence level of most of the British companies and firms marked a nine-month high in the previous month.
This clearly indicates that the outlook of the companies in the country is becoming more and more positive based on what is happening in their economy. Moreover, this better confidence level can be due to the fact that the fears on the debt crisis in the Euro zone are already receding.
Specifically, more than half of the companies and firms surveyed categorically stated that they view the overall economy and even the key instruments like spread betting, CFD trading as well as the stock market trading and futures in a more optimistic way. This is great news since it has been the first time again since June of last year when more than half of the companies surveyed think positively towards that market.
On the other hand, in the latest survey conducted by the Celoitte CFO, it was stated that there is a positive trend in the optimism and outlook among the chief financial officers in UK. This improved and better sentiment of the financial officers and firms is primarily due to the expected lesser impact of an immediate threat from the Greek default, which caused disruptions in various economies all throughout the Euro zone even in the late months of 2010. As an effect of this, the Gross Domestic Product or GDP of UK is expected to expand during the first half of this year.
However, on the side track, this prediction and good optimism in the UK stock market trading is still expected to be in place despite the announcement of the Organization for Economic Cooperation and Development (OECD) stating that the economy of Britain is in a recession again. This is brought by the downfall in the output level of the economy by 0.1 per cent during the first quarter of this year.