UK information – GfK Client Confidence dropped to its lowest stage in over a 12 months

GfK Client Confidence information for the UK in January 2024 plunged to -22, its worst in a 12 months

• anticipated -18, prior -17
• the sharpest December-to-January decline since 2011

The GfK survey shouldn’t be adjusted for seasonal components

• it usually declines in January, however this drop was extra pronounced than regular
• all 5 elements of the index fell

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ps. The Financial institution of England is extensively anticipated to chop rates of interest at its subsequent assembly on February 6.

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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