Glimmer of hope in consumer confidence

UK consumer confidence has grown for the second month running, a survey shows.

Bank comments push Sterling down

Concerns over the profitabilty of holding pounds ensure the currency continues downwards.

Indications are that UK SMEs are set for a prolonged downturn highlighted by cancelled customer contracts.

Any hopes that the Sterling will stabalise are set to be dashed as predictions are that more rate cuts are set to come.

Bank says a further £1.5 billion to be made available to SMEs in 2009.

UK banks: realistic approach essential to securing early support from your bank to protect it through the downturn.

The British pound has continued its sharp decline against the euro, reaching a new record low of 1.1238 euros on Thursday.

SME owners will be hoping on a surge in exports as the pound nears parity with Euro.

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