UK consumer confidence in July hits its highest in nearly 3 years

The GfK consumer confidence survey hit -13 in July

• expected -12, prior -14
• highest since September 2021
• subindex measuring consumers’ willingness to make major purchases jumped 7 points, an encouraging result

Joe Staton, GfK’s client strategy director:

• “July’s consumer confidence poll suggests a note of
  caution as people wait to see exactly how the UK’s new
  government will affect the wider economy and their personal
  finances”

GBP/USD is little changed after its weak performance overnight (alongside others it should be said, the USD gained notably):

This article was written by Eamonn Sheridan at www.forexlive.com.