UK Consumer Spending Increases
It has just been reported that consumer spending is on the increase in the UK and with an increase of 2.6% in the year to May 2015 this is of course a valuable piece of information if you are looking for some potential Binary Options trades to place in the coming days or weeks.
Despite the current financial climate, UK consumers have been quite happily spending on a wide and very varied range of goods and whilst Public Sector wagers have been frozen with no likely pay rises forecast for a couple of years at least, and with many UK benefits being reduced or even phased out, this has not stopped consumers purchasing in an ever increasing way.
There does appear to be quite a lot of cash sloshing around UK households, and one of the reasons why residents of the UK have found themselves being able to spend more is that billions of Pounds has been returned to them over the last year or so due to compensation being paid out for Payment Protection Insurance many consumers were forced to pay when taking out loans and credits cards in the last few years.
If you are seeking a range of Binary Options trades to place then it may be worth taking a closer look at the retail market sector in the UK, for with tills ringing and consumers being more than happy to spend, spend, spend many such businesses are going to be reporting much healthier figures in the coming weeks and months which will of course have an effect on their share values.
If you are interested in placing any type of Binary Options trades on UK facing and based businesses then please make sure you take a look at some of our featured Brokers as they all have plenty of those types of trading opportunities available.
It may also be worth taking a look at UK Indices, if you are looking for some additional trading opportunities, for the UK based ones will possible start to show positive gains in the foreseeable future, as long as UK residents do keep on spending in the way they currently are.
However, do always keep your finger on the pulse as there are still lots of uncertainties in the UK and it will not take a lot to affect the values of shares and indices as history has proven so very well!