UK Consumer Confidence Rebounds But Pessimism Remains

U.K. consumer confidence staged a slight rebound from its lowest level since just after the Brexit vote.GfK’s household-sentiment index picked up two points to minus 10 this month, reversing July’s decline, as consumers’ attitudes to the economy improved across the board.“These figures must be seen against the backdrop of better news” as “the U.K. economy displays some signs of stability after a volatile start to the year,” said Joe Staton, head of market dynamics at GfK. “However, the index has a lot of ground to regain to get back to black.”

Source: U.K. GfK Consumer Confidence Rebounds From Post-Brexit Low – Bloomberg

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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