03 February 2010

Consumers are Happier!

Good news! Consumer confidence was up in January - and by nearly three times more than in January 2008.

January 2008 was a time of deep doom and gloom about the economy, yet no-one expected that the recession would continue as long as it did...

So, are more people out and about shopping and being happy consumers? Well, not quite - but the outlook seems to have improved. Now that the country has officially exited the downturn (though at 0.1% it was hardly earth-shattering) it looks as though overall there is a more positive outlook.

Meanwhile, the currency exchange market is eagerly waiting for the BoE's latest decision on the asset-buying programme ---- will it continue? Or is it time to slow it down - one might think consumers would probably say we're ready to stand alone!

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