‘Burnham bounce’ and World Cup lift consumer confidence

UK consumer confidence recorded its biggest monthly rise in almost three years in July, as political change, England’s World Cup performance and warm weather lifted shoppers’ mood.
The GfK consumer confidence index jumped six points from -23 in June to -17 in July, marking its highest reading since January and its largest monthly improvement since November 2023.
The increase was substantially stronger than economists had expected, with a Reuters poll forecasting that the index would