One of the major reasons is the global growth rate is deteriorating as it has affected the imports and exports of all the countries. In addition, the commodity prices are being under renewed pressure and it has downside the further risk on inflation. According to our forecast we predict a huge fall in London property market by the year 2016 and subsequently huge risk in prices fall in several building materials and commodities. In this scenario, there is a sharp decrease in consumer sentiment and subsequently it will lead to a deterioration and fall in currency prices. The important data declaration has jolted the employment market too.
The current account in the country has been affected more than 5% of GDP ratio and has termed as structural weakness due to which it has slide the economic confidence ratio. The numbers have increased a proximity of serious implication due to the downward pressure in US petrochemical orders. While for UK crisis; FTSE mining companies who can hold the economy with serious problems as they are major inflows and outflows in the economy. The decrease in London property market suggest a major sign of another property market crash in UK and the employment numbers published on last Thursday suggest an increase in further interest rate will be on hold by the central banks suggesting another Grave trouble for GBP