Market News
UK consumers gain confidence after Bank of England rate cut, GfK says - REUTERS
LONDON, Aug 22 (Reuters) - British consumers have turned a bit more confident this month after the latest interest rate cut by the Bank of England but are vulnerable to worries about rising inflation and potential tax increases, a survey showed on Friday.
The August reading of market research firm GfK's consumer confidence index rose to its highest since December at -17, up from -19 in July, boosted by a three-point improvement in households' sentiment around their personal finances.
