Credit crisis hits UK consumer morale in Oct-GfK NOP

Newswire

LONDON, Oct 31 (Reuters) - The global financial crisis weighed heavy on British consumer morale in October and fears about banks' stability and the economy made people reluctant to save or spend, a survey showed on Friday. Research company GfK NOP said its consumer confidence index slipped to -36 in October from -32 in September. Analysts had expected a more modest easing to -35. October's poor reading came despite an emergency 50 basis point cut in UK interest rates and will likely ...

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