British Economic Outlook Rises For Second Straight Month After Falling Fuel Prices, Increased Spending.

Summary: After having fallen to a record low of -39 in July, the GFK Consumer Confidence indicator rose a second straight month in September to -32. The sentiment...

After having fallen to a record low of -39 in July, the GFK Consumer Confidence indicator rose a second straight month in September to -32. The sentiment indicator, which asks consumers and employers about their future expectations for the UK economy, continued to display the affect of falling fuel prices on the pocket books of the British. When questioned about their Climate for Major Purchases, people increased their expectations by the most since the start of 2007. Retail Sales rose in the 12 months through August by 3.3%, beating forecasts of a -0.5% decline in the metric for the month. GBPUSD traded at 1.8019 at 02:21 GMT.

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