Plus, the really big uncertainties facing the economy at the moment are we about to fallbackintorecession? will housing prices ever start rising again?
Data from the Conference Board this morning seemed to remove fears from the market that the consumer may fall with the economy into a double-dip recession this Fall, as retailers prepare for back-to-school season.
"The first fall in service sector activity for two years raises the likelihood that the UK economy is sliding backintorecession, " said Chris Williamson, chief economist at Markit.