Consumer Spending Holding Up Post-Brexit: Barclays
Despite the economic uncertainty in the immediate aftermath of the U.K. referendum, consumer spending is holding up comparatively with an increase of 2.14% versus the prior week, reports Barclays. However, Dennis Jose and colleagues highlight in their July 12 research piece titled “Post Brexit: No slowdown yet” that consumers might have adopted a cautious mindset around discretionary spending in the days after the referendum result, despite consumer confidence collapsing to its lowest rate . . .
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