UK Consumer Confidence Lowest Since Brexit

December 23, 2016 Share Print 0

British consumer confidence fell this month to its lowest level since the immediate aftermath of the EU referendum, crimped by worries around rising inflation pressures, a survey showed on Friday.

Pollster YouGov and the Centre for Economics and Business Research (Cebr) said their gauge of consumer morale fell by one point to 108.1 in December, the lowest level since July.

The survey found a sizeable drop-off in optimism about household finances over the coming 12 months, with inflation set to rise sharply.

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 BNN. 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.