"Optimism is growing, for both the economy and the country as a whole"
- Sunder Katwala British Future director
British economy is on the mend and rumours about sooner-than-expected rate hike from the Bank of England are heating up with almost each portion of fundamental data. Moreover, a poll from the think tank British Future, published this week, showed Britons have become more optimistic on the nation's economy, with the number of optimists trebling since 2012. Poll results showed that 29% of respondents were optimistic about the economy in the next 12 months, up from only 9% registered in the same survey a year earlier. Moreover, the proportion of people being pessimistic, plunged to 40%, from 74% in 2012's survey. Another interesting fact is that according to people's view, Britain should remain in the European Union; however, should reduce its powers, with 38% of respondents expressing such an opinion. Meanwhile, only 28% said the country should consider an option of leaving the EU.
The Pound can become this year's top performer taking into account the stability and strength of the U.K. economy. The Sterling advanced 8.3% during the last six months, being the top-performer among other 10 developed-nation currencies. At the moment of writing the cable was trading at 1.644; however, as the Dollar is likely to remain under pressure following Friday's job report, a bunch of better-than-expected important economic data from the U.K. can send the pair back to 1.65 on Tuesday.
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