Rising inflation fears erode UK household confidence - Markit



Fears of higher inflation have started to hit British consumer sentiment for the first time since June's vote to leave the European Union sent the value of sterling tumbling, a survey of households showed on Wednesday.
Financial data firm Markit said its monthly Household Finance Index fell to a five-month low of 43.8 in October from 44.7 in September.
Concern about future inflation hit a 22-month high, with the index measuring expected living costs rising to 83.8, its highest since December 2014.
"For the first time since the vote to leave the EU, UK households saw a noticeable... read more

 
19 October 2016 in Business, Views: 35
Source: Reuters
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