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.

Reuters

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MP

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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