Brexit and Euro Zone Worries Weigh on UK Consumers – GfK Survey

March 31, 2016 Share Print 0

British consumers remain their least confident in more than a year as they worry about the country’s European Union referendum and the euro zone’s unresolved economic problems, a survey showed on Thursday.

Market research firm GfK said its overall consumer sentiment indicator stood at zero in March, unchanged from February and its joint lowest level since December 2014.

Britain’s consumers have been the driver of the country’s economic recovery over the past three years.

Reuters

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Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA

Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.