UK data – GfK Consumer Confidence for March -21 (vs. expected -19 & prior -21)

GfK client strategy director Joe Staton remarks on the latest data:

• “The improved personal finance measure … is encouraging
  because it’s the first positive and the highest score since
  December 2021,”
• “This is welcome news given the challenges faced by Britons
  of fiscal drag, higher costs for fuel, rising council taxes and
  utilities eroding any increases in wages or other income.”

On Thursday the Bank of England remained on hold despite the softening economy:

• key indicators of inflation persistence remain elevated

This article was written by Eamonn Sheridan at www.forexlive.com.