Any slim hope of a smooth economic ride as the U.K. maneuvers its way out of the European Union (EU) seem to have been dashed by a succession of data points pointing to speed bumps ahead for the country's economy.
The bad news just seemed to keep on coming Friday, the day after the Bank of England announced a slate of new measures designed to minimize the effects of the departure from the 28-country trading bloc.
A key measure of house price health, the Halifax index, fell by 1 percent month-to-month in July, below the expected fall of 0.2 percent. At the same time, permanent jobs fell at their fastest rate for more than seven years, while salary growth slowed, according to the Markit/Recruitment and Employment Confederation report on jobs. One month's data, of course, does not make an entire picture of the economy, but does suggest that the short-term economic gloom many on the remain side of the referendum warned about will come to pass.