http://www.cnbc.com/2016/12/22/rocke...ms-report.html
Quote:
“After a year that saw the country vote to leave the European Union, the United Kingdom's consumer confidence ended 2016 way down on the start, despite a slight rebound in the autumn, the latest GfK index records.”
“After a year that saw the country vote to leave the European Union, the United Kingdom's consumer confidence ended 2016 way down on the start, despite a slight rebound in the autumn, the latest GfK index records.”
Quote:
“Staton detailed the U.K. index's overall narrative for 2016, which began positively but plunged post-Brexit. Any recovery in the autumn ended up "evaporating by year-end to limp home at -7 for December." He added that Brexit negotiations, the fall in the value of sterling and the prospect of higher inflation would provide "storm and stress" to the U.K. consumer confidence in 2017.”
“Staton detailed the U.K. index's overall narrative for 2016, which began positively but plunged post-Brexit. Any recovery in the autumn ended up "evaporating by year-end to limp home at -7 for December." He added that Brexit negotiations, the fall in the value of sterling and the prospect of higher inflation would provide "storm and stress" to the U.K. consumer confidence in 2017.”
