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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
UK DATA
MNI (London)
(Repeat from 0001 BST)
UK OCT CONSUMER CONFIDENCE -47 (FCST -52); SEP -49
- UK consumer sentiment edged up to -47 in October, inching off September's historic low and remaining severely depressed.
- Improvements were largely due to small upticks in personal finance expectations and economic situation indexes.
- Consumers are feeling the squeeze of relentless inflation and increasing interest rates pushing up mortgage costs.
- Since July 2021 a sharp decline in the propensity to make major purchases has ensured.
- This implies a continued decline in consumer demand, yet will do little to budge the BOE as inflation control takes priority above growth for now.
- Today's September retail data is seen 0.5% m/m lower, marking month-on-month contractions for 10 of the 12 previous months, a trend likely to continue through the holiday season.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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