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Britain's CS higher amid conservatism

Britain's CS on the upside

Britain's consumer spending escalated, as the British nation seems to be more conservative amid the Brexit decision.

As per the latest usage data of debit card and Visa credit, the consumer spending, compared to a year ago, climbed 1.6% for the month of July and was higher than June's 0.9% increase.

Britain expects a weaker household consumption

Based on the Bank of England's forecasts, the household consumption will grow at a much slower pace from 2.5% to 1% for 2017, and 0.75% for 2018.

The French economy is likely to expand

The economy of France is expected to expand 0.3% during the third quarter. The French central bank predicted that the industrial sector confidence would likely appreciate to 98 in July, an increase of one point.

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Monday, 08 Aug, 2016 / 12:07

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Source : https://www.argusfx.com/en/research-education/market-analysis/news/britain-s-cs-higher-amid-conservatism

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