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British consumer spending slows in February

2018-03-12 12:11 pm | Resource: NEWS | No Views : 28

British consumers cut spending in February as spending remained a major source of weakness, according to a survey released on Monday by consumer spending index Visa, spending fell 1.1 percent from a year earlier in February.

"High living costs, low wage growth, and relatively low consumer confidence are likely to play a role in the continuing decline in household spending," said Anabel Vides, chief economist at IHS Markit.

"Unless the pressure on incomes drops, it seems unlikely that household spending will rise any time soon."

Mark Antibov, chief commercial officer at Visa, said in March, consumer spending was at risk of announcing one of the worst-rated first-quarter results.

Antibov said retail companies no doubt hoped the more moderate weather would motivate shoppers

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USDJPY Technical analysis 16 March 2018

  Time frame Used - four hours The USDJPY is moving in a bearish direction in the near term The USDJPY was able to control the USDJPY to retreat to 105.77, trying to consolidate above this level forming a positive candlesticks     In view of the technical indicators Both the RSI and the Directional Trend are indicating  to the recovery of indicators Accordingly, we expect the USDJPY to test…

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