UK consumer confidence remains at lowest since July 2013 ahead of Brexit

Dhwani Mehta FXStreet

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, 29^th.

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.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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