UPDATE 1-Higher interest rates hit UK consumer confidence

Newswire

(Adds detail, reaction) LONDON, July 31 (Reuters) - British consumer confidence took a tumble this month as higher interest rates and the perception of a deteriorating economic backdrop encouraged people to save rather than spend, a survey showed on Tuesday. Research group GfK NOP's consumer confidence barometer fell three points to -6 in July, its lowest since April and below forecasts for -4. "Even allowing for the fact that consumer sentiment may well have been dampened significantly ...

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