The Great Debate UK

Importers and exporters lack confidence in recovery



-David Sear is the global managing director at Travelex Global Business Payments. The opinions expressed are his own.-

Despite the UK officially emerging out of recession in the first quarter of 2010, the confidence of importers and exporters in a sustained recovery remains extremely volatile.

The Travelex Confidence Index’s monthly outlook on international trade recorded a 5 point fall in confidence in June to 103 and the Expectations Index, which measures confidence in future trade and economic conditions, fell 12 points to 94.

The Index was carried out between 18th June and 1st July during the period the Emergency Budget was announced on 22nd June.