UK Consumer Confidence at Post-Brexit Low

Confidence among British consumers fell in November to its lowest level since just after voters decided in June to leave the European Union as worries about the economy grew, a survey showed on Wednesday.

Market research firm GfK said its gauge of consumer confidence slipped to -8 in November from -3 in October.

That was weaker than a median forecast of -4 in a Reuters poll of economists and the index’s lowest level since July when it touched -12.


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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.