UK consumer spending rises in December *slower than in Nov.), boosted by lower inflation

<p>Data from Barclays on card spending in December:</p><p>Consumer spending +2.3% y/y (this is Barclaycard customers spending via credit and debit cards)</p><ul><li>prior +2.9%</li></ul><p>Barclays said that part of
the fall in the month reflected lower inflation. </p><ul><li>"We expect (inflation) to fall further in the opening months
of 2024. This puts more spending power in the pockets of UK
consumers and should help support them to continue to spend,
even against the tough backdrop of weak economic growth," </li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.