Investor confidence fell to another record low in April despite a recovery in market performance, according to the latest Lloyds Private Banking survey.
The monthly Lloyds Bank Private Banking Investor Sentiment index measures net investor sentiment towards an asset class, showing the difference between those with a positive and a negative outlook for the next six months. In April, investor sentiment fell to a new record low of 2.11% (excluding cash) for the second month running, after falling to 2.26% in March. According to the survey, investor confidence may have been impacted by the surprise move by the European Central Bank (ECB) to cut its main interest rate from 0.05% to 0%. Furthermore, last month's budget indicated UK growt...
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