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Britain’s financial status worsens

Britain’s financial status worsens

Britain's financial condition weakened further, amid the British citizens’ fear for June's European Union referendum outcome, the weak expectations on inflation, and the slow wage growth.

Britain's HFI, for May, drops to 42.3 from 45.1

As per the Markit, financial data firm, May's Household Finance Index dropped from 45.1 to 42.3, reaching a 22 month low.

Other key data for the day

G7 agreed to additional stimulus measures while Japan's gross domestic product rises.

Before the Federal Reserve's meeting minutes release, the dollar trades higher.

Amid the oil hovering slightly lower than $50, the EIA in the U.S. is to release its latest storage data.

FIH Mobile Ltd is buying Microsoft Corp. phone assets worth $350 million
Today's latest indicators release.

New Zealand

New Zealand’s PPI output fell from -0.8% to -0.2%. The economists estimated the producer price inflation output to escalate 0.4%.

Japan

Japan's gross domestic product rose from -0.4% to 0.4%. The economists expected the nation's GDP to appreciate 0.1%.

Australia

Australia's wage price index declined from 0.5% to 0.4% while the economists predicted stabilization at 0.5%.

Euro zone

Euro zone's core CPI fell from 0.8% to 0.7% and matched the economists estimations for a drop to 0.7%.

South Africa

South Africa's retail sales declined from 4.0% to 2.8% while the economists and the analysts predicted the rate to drop to 3.6%.

Read More

Wednesday, 18 May, 2016 / 1:02

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Source : https://www.argusfx.com/en/research-education/market-analysis/news/britain-s-financial-status-worsens

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