Markets rally regardless of new Germany recession warning — because it occurred – The Guardian

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“Latest survey data continued to highlight a fragile state among UK households towards their financial wellbeing. The Brexit haze, uncertainty over the political environment and the increased possibility of the UK entering recession appear to have dented expectations, which dipped into negative territory following positive readings in both June and July.

“A sharp decline in appetite for major purchases was also signalled, while pessimism towards job security also intensified during August, explaining why UK households have withdrawn into a more risk-averse approach and subsequently tapered their expectations for the coming year.

“Latest survey data showed a growing number of UK households expecting that the next Bank of England move will be a rate cut, with almost one-in- four stating this view, the largest proportion since October 2016.”

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