U.K. Consumer Boom Set to Flag as Brexit Ignites Inflation
- Tumbling pound threatens two years of real-wage growth
- GDP data on Friday will likely show consumption spurred growth
Reading Between the Lines of Post-Brexit Data
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For U.K. consumers, the good times might not keep rolling.
Quickening inflation looks set to erode almost two years of real-wage growth, undermining the key driver of the economy. Data due Friday will probably show consumption helped growth accelerate to 0.6 percent in the second quarter, before the referendum on European Union membership.