UK Consumer Confidence Hits 8-Month High, Spending Expected to Grow

UK consumers felt more optimistic in June about the future direction of the economy. Last month’s Nationwide Consumer Confidence figure hit an 8-month high despite the fact that global equities shed about 4.70% off their high. A more detailed breakdown shows that while the present situation may feel worse than it had in the previous month, expectations for the future are brighter. British citizens also expect that they will spend more in the upcoming months than they had prior.