«Although
the general economic backdrop is not favourable, the Group is positioned to take advantage of airline growth opportunities, which will allow the continued out - performance of the UK passenger market, ensuring that this profitable growth drives better product offerings commercially and greater efficiencies.»
To put it another way, whether the fundamental
backdrop is bullish or bearish for gold is determined by the
general perception of what's happening on the
economic and monetary fronts rather than what's actually happening.