I think the market is slowly transitioning from a focus on inflation to a focus on growth and consumer confidence is a very good forward-looking indicator. It’s not perfect but the is a signal in all the noise.
There has been a recent deterioration to 97.0 from 110.9 in January. There is expected to be a further fall to 95.9 in today’s May data.
This article was written by Adam Button at www.forexlive.com.
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