UK Consumer Confidence falls due to homeowner pessimism –YouGov survey

According to the latest survey conducted by YouGov and consultancy the Centre for Economics and Business Research, British consumer confidence fell in September due to a steep deterioration in homeowners’ attitudes towards their house values.

Key takeaways

“The overall consumer confidence index for the month decreased by 1.1 points, from 98.8 to 97.7.”

"For the third month in a row, homeowners’ views of their property’s value fell and we may see this fall further still, following speculation around rising interest rates in the months to come.”

Market reaction

GBP/USD shrugs off the above survey findings, keeping gains intact beyond 1.1000. The pair was last seen adding 0.63% on the day at 1.1030.

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