U.K. Consumer Mood May Be Recovering After Brexit Jolt: ChartBy
U.K. consumers are settling down in a “wait-and-see” mode after the Brexit decision in June initially sent sentiment tumbling the most since 1990. According to GfK’s monthly index, Britons’ confidence and their eagerness to make big-ticket purchases partly rebounded in August. While that suggests a resilience among households for now, Bank of England forecasts indicate slower economic growth, weaker hiring and faster inflation lie ahead, which could keep that mood in check.
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