UK Consumer Confidence Rebounds But Pessimism Remains

U.K. consumer confidence staged a slight rebound from its lowest level since just after the Brexit vote.GfK’s household-sentiment index picked up two points to minus 10 this month, reversing July’s decline, as consumers’ attitudes to the economy improved across the board.“These figures must be seen against the backdrop of better news” as “the U.K. economy displays some signs of stability after a volatile start to the year,” said Joe Staton, head of market dynamics at GfK. “However, the index has a lot of ground to regain to get back to black.”

Source: U.K. GfK Consumer Confidence Rebounds From Post-Brexit Low – Bloomberg

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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.