Study GfK / EC showed falling consumer confidence in January to -29 from -21 the previous month. This indicator has a long history, and such low levels are actually associated with the economic downturn. The last time rates were at this level in late 2008 nachalae 2009, and before that in the early 90's. Interestingly, the evaluation of the expected inflation rate slightly decreases, while the estimated increase in prices earlier increased (in general, it is not surprising when such evidence).Return sterling. After the shock of falling GDP on Tuesday, sterling was marked by a great return, the cable is trading close to levels prior to the release of GDP, that is the mark of 1.60 on Thursday afternoon. In fact, the fact that another member of the committee voted to raise rates, has helped. Despite the initial feeling that the beginning of the year can be a nerve for pound, was justified by the high data on inflation and weak GDP statistics. Moreover, there is still a factor with a soft monetary policy, which opposes tightening of fiscal policy. Sterling still not fully understood how to behave, and price trends are reflected in full, especially with the aforementioned weakness in consumer confidence, which led to the sale in early trading in Europe on Friday.
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