UK Consumers Least Confident in over a Year on Economic Uncertainties

British consumer morale fell to its lowest in over a year in February as concerns over the economic outlook hurt sentiment, a survey showed on Friday.

Market research firm GfK said its overall consumer sentiment indicator fell to 0 in February from +4 in January – its lowest since December 2014.

Britain’s economy leaned heavily on consumer spending drive its growth in the last three months of 2015, according to official figures on Thursday.

Bank of England policymakers are watching for signs that a darkening global economic outlook and an imminent referendum on Britain’s membership of the European Union are weighing on households.

Reuters

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