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More on the comments from the BOE's Forbes in The Telegraph

Discussion in 'Fundamental Analysis' started by ForexLive, Jul 20, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Forbes wrote an op-ed in The Telegraph Forbes said growth was strong before the Brexit vote due to consumer spending. "Preliminary indicators suggest that the consumer remains calm. Some measures of consumer confidence fell immediately after the vote, but only to levels at or above historical averages. Spending at a major department store fell during the rainy week of the vote, but then recovered," she writes. "Online retailers report little change in spending. These indicators are not very reliable predictors of consumer spending-but they also do not suggest consumers are cutting back."

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