Consumer Confidence rises in January

British consumers have been measured….and have been found happier (or more confident, to be precise).  Indeed, around three times happier than last year – which was a time of great concern, of wondering just how bad the recession would become.

No-one thought it would be as deep and drawn out as it actually was – with the eventual return to growth at 0.1% in the fourth quarter.  Now, we are in the fragile early stages of ‘health’, with economists and analysts treating the economy with the delicacy of a newly born lamb.  They warn us to take care, or we might send it heading back down – the first and second quarter results will certainly be worth a look!

Over in the world of forex the traders are juggling with the pound, hoping that it too recovers.  Until the Bank of England reaches its latest decision on QE, it’s likely to remain where it is.

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