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Post Brexit Vote Consumer Confidence High in The UK

British consumers have regained some of the confidence they lost after the Brexit vote in June, according to a survey published on Friday, the latest sign that households are largely taking the decision to leave the European Union in their stride.

The YouGov/CEBR Consumer Confidence Index rose by 3.2 points in August, its biggest month-to-month jump since February 2013.

The index, which stands at 109.8, has now recovered around half of the ground it lost following the EU referendum.

“This month’s improvement in consumer confidence follows positive news from other areas of the economy and slightly punctures the arguments of those who predicted immediate economic Armageddon following a Brexit vote,” Scott Corfe, Centre for Economics and Business Research director, said.

Source: UK consumers recover some confidence after Brexit vote hit – survey | Reuters
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