empty
25.02.2022 10:01 PM
UK Consumer Confidence plunges

The survey results released on Friday, February 25th, revealed that consumer confidence in the United Kingdom plunged to the lowest levels throughout the pandemic period. Experts note that the British consumers express worried about galloping inflation, as well as higher taxes and interest rates.

UK consumer confidence hits record lows

This image is no longer relevant

About 2,000 people were surveyed in the period from 1 to 14 February. The GfK survey results showed that the consumer confidence index plunged to -26 in February from the previous month's reading of -19. The index hit the lowest level since last January when the British economy suffered from a harsh lockdown.

"Fear about the impact of price rises from food to fuel and utilities, increased taxation and interest rate hikes has created a perfect storm of worries that has shaken consumer confidence", Joe Staton, the GfK client strategy director said.

The worst sentiment of 2022 was noted in relation to personal finance and a broader economic situation.

"There's clear anxiety in these findings as many consumers worry about balancing the household books at the end of the month without going further into debt", Mr. Staton added. He also noted that the UK economic growth may slow down due to the slowing consumer spending.

However, there is room for further declines in consumer confidence. Analysts forecast that the inflation rate rise above 7% in April. It would be the highest rate in the last 30 years. The jump is likely to be caused by a 2-fold increase in domestic energy prices. Besides, experts anticipate a rise in social security contributions.

The Bank of England has already raised its benchmark rate twice since December. Financial analysts expect further hikes to 0.75% in March despite the fact that the central bank forecasts an economic slowdown.

Prime Minister Boris Johnson's government has announced some measures to cushion the blow from higher electricity rates. However, it refused to halt increases in national insurance premiums, saying this measure is necessary to pay for UK health and social services.

The GfK indicator reflecting consumers' readiness to make big purchases declined five points to -15.

Apparently, the Bank of England will be forced to hike the rates again due to rising tensions amid the Russia-Ukraine conflict.

At the time of writing, the pound was trading higher against the US dollar, but the discouraging news may change the trend.

Egor Danilov,
Especialista em análise na InstaForex
© 2007-2025
Selecionar intervalo de tempo
5
min
15
min
30
min
1
hora
4
horas
1
dia
1
s.
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO

Recommended Stories

Festa durante a tempestade: S&P 500 comemora ganhos enquanto o dólar se afoga e a China enfraquece

S&P 500 registra o sexto dia consecutivo de ganhos Petróleo cai mais de 1% Atividade manufatureira da China despenca à medida que as tarifas de Trump continuam a pressionar Dólar

Thomas Frank 18:24 2025-04-30 UTC+2

Resumo de notícias do mercado dos EUA para 30 de abril

Os índices acionários dos EUA seguem uma trajetória positiva, mas a pressão no mercado aumentou devido à forte queda nas ações da Super Micro e à proximidade da divulgação

Ekaterina Kiseleva 18:09 2025-04-30 UTC+2

O otimismo retorna aos mercados: onde procurar novos pontos de crescimento?

As ações europeias subiram em meio a esperanças de uma redução nas tensões comerciais entre os EUA e a China. O petróleo WTI caiu 1,54%, para US$ 62,05

Thomas Frank 17:48 2025-04-29 UTC+2

Resumo de notícias do mercado dos EUA para 29 de abril

O S&P 500 e o Nasdaq continuam sua trajetória de alta, mantendo o impulso, apesar dos desempenhos mistos observados em outros setores. A retórica mais suave da administração Trump

Ekaterina Kiseleva 17:10 2025-04-29 UTC+2

Os mercados de ações estão recuperando o otimismo. Onde encontrar novos pontos de entrada

Os índices norte-americanos S&P 500 e Dow encerraram a sessão de segunda-feira em território positivo, apesar da elevada volatilidade nos mercados. Os investidores acompanharam de perto os sinais de progresso

14:44 2025-04-29 UTC+2

Os primeiros 100 dias de Trump já passaram: Mercados aguardam tarifas e lucros de gigantes

Resumos das políticas de Trump As ações europeias subiram na segunda-feira, após um segundo ganho semanal consecutivo Os investidores estão de olho nas mudanças tarifárias, bem como em uma semana

Thomas Frank 17:22 2025-04-28 UTC+2

Resumo de notícias do mercado dos EUA para 28 de abril

O S&P 500 e o Nasdaq encerraram a última sessão de negociação em alta, desafiando o desempenho instável observado nas bolsas asiáticas e europeias. Agora, os investidores estão focados

Ekaterina Kiseleva 14:03 2025-04-28 UTC+2

Wall Street sobe: Nasdaq sobe 2,74% com as ações de tecnologia impulsionando o mercado

As ações da Procter & Gamble e a PepsiCo caíram após cortarem suas previsões, enquanto a Hasbro e a ServiceNow subiram após seus relatórios de lucros. Os pedidos de bens

17:57 2025-04-25 UTC+2

Resumo de notícias do mercado dos EUA para 25 de abril

Os índices de ações dos EUA encerraram a terceira sessão consecutiva em alta, impulsionados por uma forte recuperação no setor de tecnologia. O Nasdaq avançou 2,74%, impulsionado por sólidos resultados

Ekaterina Kiseleva 17:43 2025-04-25 UTC+2

Wall Street em alta: Nasdaq sobe 2,74%, tecnologia lidera alta do mercado

Procter & Gamble e PepsiCo caem após cortes nas previsões Hasbro e ServiceNow saltam após resultados Bens duráveis de março saltam mais do que o esperado Alphabet supera as estimativas

Thomas Frank 16:26 2025-04-25 UTC+2
Não pode falar agora?
Faça sua pergunta no chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.