UK data - GfK Consumer Confidence steady at -13 in August (expected -12, prior -13)GfK Consumer Confidence still net pessimistic but holding at its highest since around three years ago.
Joe Staton, client strategy director at GfK:
- "This more positive outlook may be due to a
mortgage-friendly interest rate cut at the beginning of August,
and hopes of more to come"
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: UK data - GfK Consumer Confidence steady at -13 in August (expected -12, prior -13) (https://www.forexlive.com/news/uk-data-gfk-consumer-confidence-steady-at-13-in-august-expected-12-prior-13-20240822/)
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