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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 SEP CONSUMER CONFIDENCE -49 (FCST -42); AUG -44
(Repeat from 00:01 BST)
- UK consumer confidence dived for the ninth consecutive month, down five points to a fresh low in September driven by deep concerns regarding personal finances and the economic outlook.
- Disposable incomes are feeling the squeeze of higher food, fuel, energy and mortgage prices. Record-low consumer confidence was continent-wide in September with another slide in the eurozone/EU aggregate yesterday.
- The data underlines the concerns at the BOE over a slowing economy. However, any improvement to sentiment and spending in the wake of today's (0930 BST) Growth Plan could push the BOE to a quicker tightening path come November.
- "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.
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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