29-07-2016 12:50 via news.yahoo.com

Biggest drop in UK consumer morale since 1990 puts BoE on track to act

By Andy Bruce LONDON (Reuters) - British consumer morale suffered its sharpest drop in more than 26 years after last month's decision by voters to leave the European Union, according to figures that are likely to embolden Bank of England policymakers to take action next week. Market research firm GfK said its gauge of consumer confidence fell to -12 from -1 in June, the biggest drop since March 1990 - when Margaret Thatcher was prime minister and Britons were reeling from interest rates rising t
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