21 July | 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: 15.09.2025 Expectation: 18000 pips
Gold targets $3,700 amid Fed rate cut expectations and rising central bank demand
Today at 10:58 AM 31
Period: 30.11.2025 Expectation: 580 pips
Buying AUDUSD on Australian GDP growth and RBA rate hold prospects
Today at 09:31 AM 35
Period: 17.09.2025 Expectation: 1000 pips
US inflation data could trigger S&P 500 pullback to $6,430
Today at 09:22 AM 34
Period: 15.09.2025 Expectation: 1810 pips
Silver is correcting within uptrend
Today at 08:45 AM 32
Brent sell
Period: 31.10.2025 Expectation: 500 pips
Selling Brent down to $63.5 per barrel
Today at 06:24 AM 42
Brent sell
Period: 15.09.2025 Expectation: 100 pips
Selling Brent down to $66.10 per barrel
05 September 2025 287
Go to forecasts