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The GfK consumer sentiment survey for June comes in at -41, a record high.

GfK comments:

  • Consumer sentiment is currently gloomier than at the onset of the Covid pandemic, the outcome of the 2016 Brexit referendum and even the shock of the 2008 global financial crisis, and there is now talk of an impending recession. One thing is certain, Britain is facing a new economic reality and history shows that consumers will not hesitate to entrench and tighten their purse strings when the going gets tough.

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