Brexit concerns fail to curb consumer spending

GfK’s monthly consumer confidence index found that people’s propensity to make a big purchase increased by four points to +9 in May compared to the previous month and by seven points from a year ago. This despite the fact that retailers including Next and Marks & Spencer have warned over consumer spending due to economic uncertainty.
Consumers’ feelings about their own financial situation are also stable, with the index measuring changes in personal finances over the last 1