UK’s Post-Brexit Rebound Extends to Housing and Jobs

The bounce back in Britain’s economy from the initial shock of the Brexit vote has expanded to the country’s recruitment and housing markets, according to two surveys which previously painted a bleak outlook.

The Recruitment and Employment Confederation – which last month said hiring was in “dramatic freefall” – said firms increased permanent staff for the first time in three months, and were also spending more on temporary workers.

The Royal Institution of Chartered Surveyors said its monthly house price index jumped to +12 in August from July’s three-year low of +5, the first rise in six months, though still one of the lowest readings in the past year and a half.

Reuters

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam

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