GfK consumer confidence from the UK
- expected -9, prior -9
Joe Staton, GfK's client strategy director:
- consumers appeared to be particularly susceptible to bad news against the backdrop of the uncertainty about Brexit
- "In the medium term, and during the uncertainty in the run-up to the UK leaving the European Union in eight months, it is hard to forecast what kind of good news will change the numbers from negative to positive"
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Stay tuned for the Bank of England this week, they are expected to hike rates.
Are you ready for Super Thursday from the UK? BoE preview
Concerns about food and medicine shortages and higher interest rates. Next month's consumer confidence should be a doozy!
more to come
