Payments company Visa with their November spending data in the UK

  • consumer spending fell by the most since July
  • dropped 0.7% y/y (October was -0.2%)
  • "The disappointing trend reflects relatively subdued consumer confidence as uncertainty lingers over the outcome of ongoing Brexit negotiations" IHS Markit economist Annabel Fiddes
  • "Economic conditions are likely to remain challenging for retailers, at least in the short term" Visa economist Adolfo Laurenti

Little GBP response to this or the house price data out at the same time.