A rise for the month, but still pessimists in the ascendency
UK - GfK Consumer Confidence for May is -7, back to its highest for a year
- expected -8, prior -9
Reuters reporting a bit more detail:
- Households felt more upbeat about their personal finances, market research firm GfK said
- "We have been at zero or negative for 29 months now," GfK's client strategy director, Joe Staton, said. "When will the strong jobs market and rising real incomes, coupled with ongoing low interest rates and low levels of headline inflation, have an impact?"
- "Shoppers are still not showing signs of a willingness to splash-the-cash"
This data point is rarely an immediate GBP mover.
