UK Households Optimistic About Recovery

U.K. households are seeing the squeeze on their finances ease, with Britons feeling the most optimistic in five years, a new survey shows.

The Markit Household Finance Index, which tracks sentiment towards household finances, showed current perceptions of household finance rose to 42.1 in February from 41.7 in January, the highest reading since February 2009. While still below the 50-point mark that signals optimism, the data shows negative sentiment is waning.

Households are feeling the positive effects of slower inflationary pressures, in addition to a slight uptick in income and stabilizing household debt levels, Markit’s survey said.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza