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  • U.K. Consumer Confidence Is Buckling Under Brexit Pressure

    From bloomberg.com

    U.K. consumer confidence dropped this week after the country voted to leave the European Union, according to a survey. YouGov Plc and the Centre for Economics and Business Research said their daily tracker of sentiment has dropped to the lowest in more than two years. From a level of 111.9 earlier in the month, it has since slumped to 104.3. Also released on Thursday, a separate report from GfK showed that households’ faith in the economic outlook was shaky even before the referendum on June 23. The vote has created uncertainty about the possible future relationship of the U.K. and the EU, further complicated by ... (full story)

104.3 is a number arrived at by someones idea (no doubt paid plenty) for people paid plenty to take notice and respond to it, ask the sacked ones how it equates to them now!
if someone gives me an amount of money chosen from two currencies (pound and euro), I would choose pound which has a space to go up more than that of euro.
This article does not make sense - If you look at forexfactory.com the forecast was -2 and it came in as -1, the same as last month? and the previous month was -3 . Is this just media hype?
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Quoting MaverickCT
This article does not make sense - If you look at forexfactory.com the forecast was -2 and it came in as -1, the same as last month? and the previous month was -3 . Is this just media hype?
they are trying to spread fearmongering
Rag bag fear mongering. What goes up comes down and so the cycle continues and always will. Tosh article
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