020 7898 0500Despite it being an extremely quiet day for economic data releases yesterday, two pieces of data were released that are unlikely to be welcomed. First, the latest survey by IHS Markit found that UK household finances declined at their fastest pace for seven months and that 60% expect an interest rate hike within the next six months.
Second, a report released by the Resolution Foundation found that Britain’s millennials ‘have suffered a bigger reversal in financial fortunes than their counterparts in most other developed countries except Greece’. Not great news for those of us born in the early 1980s and beyond.
The only release of note today is the CBI industrial trends orders for February.
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