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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)
UK GFK APR CONSUMER CONF -30 (FCST -35); MAR -36
- UK consumer confidence recovered by six points -30 in the GfK April report, the strongest since February 2022 due to broad-based improvements across subcomponents.
- 12-month personal finance outlooks strengthened, suggesting that households may be better financially positioned than initially anticipated, whilst major purchase intentions showed further improvement.
- 12-month outlooks for the economy rose for a third consecutive month. These key indicators are all stronger than April last year, led by the leap in economic expectations.
- Despite improvements, spending will likely remain pressured in the near term. Joe Staton, Client Strategy Director GfK reiterated that "the fundamentals haven't changed; inflation is high, real incomes are still falling, the squeeze on household budgets remains".
- This morning's March retail data is expected to contract by around -0.5% m/m after discounts boosted February numbers. According to the ONS, March sales would only need to be stronger than -1.7% m/m for retail to be a positive contribution to Q1 GDP.
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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