GfK-Rate hike dampened UK consumer morale in Nov

Newswire

LONDON, Nov 30 (Reuters) - British consumer confidence unexpectedly fell in November after the Bank of England raised borrowing costs to 5 percent, a survey showed on Thursday. Research company GFK NOP's monthly consumer confidence index fell to -7 from -5 in October, as the rate rise soured peoples' mood about their own personal finances and the wider economy. Analysts had expected the index to remain at -5. "Undoubtedly influenced by the latest interest rate hike to 5 percent, these ...

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