British Consumer Confidence Dips After Six Months of Growth

UK consumer confidence fell for the first time in six months, interrupting a rapid rebound in sentiment as the reality of soaring prices emerged as a threat to household finances.

The market research firm GfK Ltd. said its reading of confidence fell 6 points to minus 30 in July, the sharpest drop in 15 months and the lowest reading since April. Economists had expected a shallower decline to minus 25.

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