British economy retains upward momentum (Part 1)

The British economy has maintained its upward momentum in the last months of 2016, but at the same time, inflationary pressure has increased with the robust pace of almost 20 years. This shows a survey of British Chamber of Commerce (BCC), released today and cited by Reuters.
British Chamber of Commerce said that sales and hiring improved slightly in the fourth quarter, which is another signal that Britain is likely outstripped growth in most of the developed economics past year. The latest quarterly survey, however, also indicates the presence of complications arising from the votes of the British referendum last June when Britons voted to leave the European Union.
According to BCC, a record number of manufacturers expecting price rises over the next three months. Most companies in the service plan to raise prices, and their number is the highest since the beginning of 2011 onwards.

Although British business reported a slight improvement in export sales in the fourth quarter, the Chamber of Commerce notes that there is still very little evidence that the weakness of the pound has provoked a boom in demand for British goods abroad.