UK consumer morale posts biggest drop since 1990 after EU vote - GfK

British consumer morale suffered its sharpest drop in more than 26 years after last month's decision by voters to leave the European Union, as Britons became increasingly pessimistic about the economic outlook. 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 to 15 percent. By contrast, the Bank of England will probably cut r