UK data - GfK Consumer Confidence for November: 1 (expected 2) via ForexLive

GfK Consumer Confidence for NovemberJoe Staton, Head of Market Dynamics at GfKFrom summer's 15-year high, consumer confidence in the UK hascontinued to slide to +1 this month. Overall, despite the good news agendaof rock-bottom inflation, falling fuel prices and higher wage growth boostingspending power, confidence appears to be depressed by a combination ofwider economic, political and social events. However, one area thatcontinues to hold up is our expectation for our personal financial situationfor the next 12 months. Shoppers also continue to tell us that now is theright time to make major purchase - such as furniture or electrical goods -with this indicator standing nearly 10 points higher than in November lastyear. This suggests that lots of households up and down the land will besitting on a new three-piece suite this December to watch Downton Abbeyon an ever wider TV screen while digesting their Christmas turkey and allthe trimmings

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