20 June | Other

Consumer confidence in UK continues to recover — GfK survey

Consumer confidence in UK continues to recover — GfK survey

UK consumer confidence has risen for the second month in a row, demonstrating the smallest decline since December last year. The GfK consumer confidence index rose by two points in June, reaching -18. Economists had expected the figure to remain unchanged, but the actual numbers came in slightly better than forecasts.

While the improvement offers some relief, Neil Bellamy, consumer insights director at GfK, warns the positive momentum remains fragile. Households continue to face rising prices for goods and services, higher taxes, and early signs of a softening labor market. At the same time, fuel costs are climbing due to tensions in global markets.

On top of that, geopolitical strains are adding another layer of uncertainty to the economy. Rising oil prices and the unclear impact of newly imposed US tariffs could further dampen consumer sentiment. The expert believes it’s still too early to count on a sustained recovery.

Period: 27.06.2025 Expectation: 1351 pips
GBPUSD under pressure from weak UK data and dollar strength
20 June 2025 50
Brent sell
Period: 26.06.2025 Expectation: 200 pips
Oil set to drop without further escalation of Middle East tensions
20 June 2025 49
Period: 30.06.2025 Expectation: 27200 pips
Buying ETHUSD during consolidation with 2800 target amid supply shortage
19 June 2025 74
Period: 25.06.2025 Expectation: 1500 pips
BOJ policy uncertainty pushes USDJPY toward monthly peak
19 June 2025 56
Period: 18.07.2025 Expectation: 2700 pips
Selling SPX to 5700
19 June 2025 28
Period: 30.06.2025 Expectation: 1069 pips
NVIDIA shares poised to rise on AI demand and European expansion
18 June 2025 65
Go to forecasts