UK data - Gfk Consumer Confidence (July) -30 (expected -26, prior -24)

This is the first decline for the indicator since January, comes in at -30

  • expected -26, prior -24
  • "Reality has started to bite and, as people continue to struggle to make ends meet, consumers will pull back from spending," Joe Staton, GfK's client strategy director said.
  • the biggest month-on-month drop in GfK's confidence measure since March to April 2022
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