Advertisement
UK markets close in 1 hour 3 minutes
  • FTSE 100

    7,861.87
    -15.18 (-0.19%)
     
  • FTSE 250

    19,341.92
    -108.75 (-0.56%)
     
  • AIM

    744.09
    -1.20 (-0.16%)
     
  • GBP/EUR

    1.1669
    -0.0014 (-0.12%)
     
  • GBP/USD

    1.2454
    +0.0016 (+0.13%)
     
  • Bitcoin GBP

    51,614.88
    +357.23 (+0.70%)
     
  • CMC Crypto 200

    1,377.81
    +65.19 (+5.23%)
     
  • S&P 500

    4,993.72
    -17.40 (-0.35%)
     
  • DOW

    37,900.54
    +125.16 (+0.33%)
     
  • CRUDE OIL

    82.89
    +0.16 (+0.19%)
     
  • GOLD FUTURES

    2,402.00
    +4.00 (+0.17%)
     
  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     
  • HANG SENG

    16,224.14
    -161.73 (-0.99%)
     
  • DAX

    17,740.42
    -96.98 (-0.54%)
     
  • CAC 40

    8,029.80
    +6.54 (+0.08%)
     

UK consumer confidence stuck at six-year low in November - GfK

People shopping on Oxford Street in central London

LONDON (Reuters) - British consumer confidence remained stuck at its joint-lowest level since 2013 in November as uncertainty around the Dec. 12 election and Brexit weighed on households, a survey showed on Friday.

Market research firm GfK said its consumer confidence index held at -14 in November, as expected in a Reuters poll of economists.

The survey looked in line with other indicators that have painted a subdued picture of the British economy, although a seasonally adjusted version of the GfK survey published by the European Commission on Thursday showed a small rise.

"In the face of Brexit and election uncertainty, consumers are clearly in a 'wait-and-see' mode," Joe Staton, client strategy director at GfK, said.

ADVERTISEMENT

Spending by consumers has helped the economy at a time when many companies have cut investment due to a lack of clarity about Brexit. Earlier this week, a measure of retail sales rose to its highest level since April in November.

(Reporting by Andy Bruce; Editing by William Schomberg)