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UK Consumer Confidence at Five Year High

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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 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.
Craig Erlam

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