UK Q3 household consumption rises 0.6% q/q vs 0.4% expected

The beat matters less than the acceleration: household spending is the backbone of the UK economy, and a firmer consumer reading in Q3 complicates the picture for rate-cut expectations. For crypto and RWA markets, the signal is indirect — stronger demand can keep the Bank of England cautious, which tends to weigh on risk appetite rather than lift it. Whether this momentum carries into the fourth quarter, and whether it shows up in inflation data, is the open question.