News
🚨 🇬🇧 UK consumer confidence plunges to -24, far below -14 forecast
🚨 🇬🇧 UK consumer confidence plunges to -24, far below -14 forecast
- 🇬🇧 The GfK index fell 11 points to -24 in October, the biggest one-month drop since 2020, per newswires
- 🇬🇧 The major purchases gauge sank to its lowest since September 2024, while households' inflation expectations rose
FO view: The slump adds to the global growth worries running through this week's risk-off tape and points to softer UK demand into retail sales, though the jump in inflation expectations keeps the BoE picture mixed.
Not investment advice.