21 July 2025 | Other

UK consumer sentiment drops for first time in 3 years — Deloitte survey

UK consumer sentiment drops for first time in 3 years — Deloitte survey

A Deloitte survey shows UK consumer sentiment deteriorated sharply last month for the first time in nearly three years. This reflects growing public concerns about job security.

A slowing labor market is hurting consumers. People are growing more concerned about their income prospects. Business owners say they're hiring fewer people because of increased employment taxes that took effect in April.

Official data shows the UK unemployment rate rose to 4.7% in the three months to May, the highest level since 2021. Meanwhile, Reuters reports June inflation accelerated to 3.6%.

However, Deloitte's figures differ from GfK's data, which also tracks UK consumer sentiment. GfK reports June readings rose to their highest level since December 2024.

Elena Dorokhina MarketCheese
Gold buy
Period: 31.03.2026 Expectation: 23000 pips
Holding on to gold for long term
Yesterday at 11:52 AM 41
Period: 30.01.2026 Expectation: 1000 pips
AUDCAD climbs higher after exiting flat trend
Yesterday at 10:42 AM 26
Period: 23.01.2026 Expectation: 1060 pips
GBPUSD pushed lower by later Fed cut timeline
Yesterday at 10:31 AM 17
Lyra_Moonwell1
Lyra_Moonwell1

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
Brent sell
Period: 31.01.2026 Expectation: 200 pips
Brent crude selloff targets $62.50
Yesterday at 08:33 AM 19
Brent sell
Period: 23.01.2026 Expectation: 125 pips
De-escalated geopolitical tensions send Brent prices into correction
Yesterday at 07:00 AM 16
Period: 28.02.2026 Expectation: 1250 pips
Selling GBPUSD down to 1.3275
Yesterday at 06:23 AM 13
Go to forecasts