British business confidence plunged in the immediate aftermath of the June 23 vote to leave the European Union, regained a little ground later, but was still down sharply compared with last quarter, an industry body said on Monday.
The Institute of Chartered Accountants in England and Wales (ICAEW) said its business confidence index fell to -27.7 for the period June 24 to July 20, compared with -0.7 from April 27 through to the June 23 referendum.
The survey of 1,000 chartered accountants showed that the construction, property and transport sectors suffered the sharpest declines in confidence.
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Craig Erlam
His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.
Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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