Optimism about household's income surrounded by worries

20 Aug 2018 01:02 PM

British households are the most optimistic about their financial situation since early 2015, boosted by a near-record employment situation, but the Brexit approach and concerns about inflation make them more concerned about the future, a British study showed.

IHS Markit said the monthly household finance index rose in August to its second highest level since its 9-year since it was launched at 45.9, up from 45 in July. Data released last week showed Britain's unemployment rate fell to a new 43-year low of 4 percent in the three months to June.

With less than 7 months remaining until Brexit, there is still disagreement over future trade relations, raising the likelihood that no agreement will be reached.

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