Free Trial
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 SEP CONSUMER CONFIDENCE -49 (FCST -42); AUG -44
- UK consumer confidence dived by five points to a fresh low in September, underpinned by deep concerns regarding personal finances and the economic outlook. The index has been running for 48 years.
- This was the ninth consecutive month of declining/stalling sentiment in the UK as disposable incomes feel the squeeze of higher food, fuel and energy and mortgage prices.
- Today's Growth Plan (fiscal statement) due at 0930 BST could deliver an upswing in sentiment going forward.
- "Today’s mini-budget, and the longer-term agenda to drive the economy and help rebalance household finances, will be the first major opportunity to deliver that improvement" Joe Staton, GFK's Client Strategy Director said.
- The data underlines the concerns at the BOE over a slowing economy. However, any improvement to sentiment and spending in the wake of Friday's Growth Plan could push the BOE to a quicker tightening path come November.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok