British consumer confidence fell this month to its lowest level since the immediate aftermath of the EU referendum, crimped by worries around rising inflation pressures, a survey showed on Friday.
Pollster YouGov and the Centre for Economics and Business Research (Cebr) said their gauge of consumer morale fell by one point to 108.1 in December, the lowest level since July.
The survey found a sizeable drop-off in optimism about household finances over the coming 12 months, with inflation set to rise sharply.
USD/CAD – Canadian Dollar Under Pressure Ahead of Canadian CPI, Retail Sales
Oil Falls as Libya Boosts Production
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.