UK business confidence improved to its highest level since September 2023, according to the latest Institute of Directors (IoD) syrvey

  • The IoD’s confidence index rose from -58 in March to -51 in April.

  • Hiring expectations turned positive for the first time since September, while investment intentions also picked up.

  • Chief economist Anna Leach said concerns remain over US trade policy uncertainty and cost pressures from the prior UK budget.

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The survey was conducted among 648 UK business leaders between April 11–29, after the tariff pause was announced.

  • The results contrast with earlier April surveys showing weakening sentiment among businesses and consumers.

GBP
Source: Forex Live