UK consumer confidence remains at lowest since July 2013 ahead of Brexit
|The consumer confidence amongst the Brits remained at its gloomiest in five-and-a-half years this month, as the UK prepares to leave the European Union (EU) before March, 29th.
Key Details (via Reuters):
“The GfK consumer confidence index held at -14 in January, its lowest since July 2013. Economists taking part in a Reuters poll had expected a slight fall to -15.
The GfK survey showed households’ assessment of their personal finances improved due to falling inflation and higher wages and employment. But their outlook on the economy over the next 12 months was the weakest since December 2011.
Meanwhile, the survey by Lloyds Bank showed a small rise in business sentiment this month, after it hit its lowest since June 2016’s Brexit referendum in December.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.