UK consumer confidence hits record low as cost of living bites

UK consumer confidence slumped to a record low in September amid deep concerns about personal finances and the economy over next 12 months.

According to GfK’s consumer confidence barometer, the index decreased by five points this month to -49, the worst overall score since records began in 1974.

The reading marked the fourth new low out of the last five months, with all measures once again severely depressed.

Four measures were down in comparison to the August announcement, while one remained flat.

Effect: Gold + Silver will go down

All Metals will fall down : Aluminium + Zinc + Lead + Aluminium