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.