UK Consumer Confidence at Five Year High

British consumers were their most confident in five years in September, a survey showed on Monday, but the upbeat mood was not shared in London where most voters opposed leaving the European Union in June’s Brexit referendum.

The buoyant overall tone of the survey commissioned by business advisory firm Deloitte echoed other measures of confidence by consumers who appear to have shrugged off the shock vote to leave the EU.

Deloitte said confidence among consumers rose by three percentage points from its previous quarterly survey, the biggest increase since late 2014.

Reuters

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.