Fx trading News: UK consumer confidence rises to the highest level since 2009!

 

2020-02-19 10:36      from:CAPSTONE    author:Jack

Capstone Forex Trading News: A survey released by British information provider IHS Markit on the 17th showed that consumer confidence in the UK has reached its highest level since 2009.
 
The survey shows that the optimism of British people on household financial conditions has risen from 44.6 in January to 47.6 in February, the highest recorded value since the financial crisis in 2009, indicating that optimism is increasing.

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In addition, the future household financial index, which measures changes in financial health expectations over the next 12 months, rose from 49.6 to 52.7, exceeding the January 2015 peak.
 
The market believes that improvements in the survey data may pave the way for increased consumer spending. Earlier, the troubled British retail industry had its hardest year.
 
HayIHS Markit economist Joe Hayes said polls showed optimism about Britain's recent economic prospects. "So far, post-election survey data show that after roughly flat 2019, the possibility of GDP growth in the first quarter is quite high," he said.


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