Your current location is:FTI News > Platform Inquiries
UK consumer confidence rose in June, but Middle East tensions and energy costs cloud the outlook
FTI News2025-07-29 09:49:08【Platform Inquiries】2People have watched
IntroductionForeign exchange trading platform live room,Major Foreign Exchange Traders,UK June Consumer Confidence Reaches New High of the YearAccording to data released by market researc
UK June Consumer Confidence Reaches New High of the Year
According to data released by market research company GfK on Foreign exchange trading platform live roomFriday, the UK consumer confidence index rose to -18 in June, an improvement from May's -20, reaching the highest level since 2025. This data reflects the increased optimism of the British public about the economic outlook, especially as inflation gradually eases and interest rate policies stabilize.
However, GfK pointed out that the current index still falls below the long-term average of -11 and has not returned to the normal range seen before the pandemic, indicating that the recovery in confidence remains fragile.
Middle East Tensions Raise Inflation Expectations
Despite the improvement in confidence, ongoing geopolitical conflicts in the Middle East cast a shadow over the UK's economic outlook. Since the end of May, Brent crude oil prices have risen by about 20%. UK consumers may face renewed pressure from rising fuel prices in the coming weeks.
The Bank of England also stated this Thursday that it is closely monitoring the potential impact of the situation between Israel and Iran on inflation. As energy is a significant component of inflation, any geopolitical risks could trigger a chain reaction, particularly in the UK, where energy prices are already high.
Uncertainty Remains in Consumer Spending Outlook
Neil Bellamy, GfK's Head of Consumer Insights, noted in a statement, "With the escalation of conflicts in the Middle East, gasoline prices will further increase, and uncertainties related to tariffs remain." He emphasized that these factors could suppress UK consumers' purchasing power in the short term.
The report also showed that although the outlook on the national economy has improved, the confidence index measuring personal financial situation remained unchanged in June. This means that while people are optimistic about the macroeconomy, they remain cautious about their financial abilities.
Caution
Market analysts pointed out that although British consumer sentiment has improved, it still faces challenges from energy price fluctuations, inflation uncertainty, and global geopolitical tensions. In the coming months, if oil prices continue to rise, it could again affect consumer spending, thereby dragging down the momentum of overall economic recovery.
In addition, how the Bank of England balances inflation and interest rate adjustments will also become a key factor in affecting the continued recovery of consumer confidence.
Risk Warning and DisclaimerThe market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.
Very good!(1)
Previous: Is TradingLink Trustworthy or a Scam?
Related articles
- AHF ULTRA Trading Platform Review: High Risk (Suspected Fraud)
- U.S. elections and Middle East tensions drive oil traders to bet on $100 prices.
- Palm oil prices have fallen to a three
- CBOT grain futures face pressure as capital flows and trade dynamics shape the market.
- 赵昌鹏的审判已推迟至四月底
- Corn rebounds strongly, wheat gains on geopolitical risks, soybeans hit a low.
- Rising oil inventories pressure prices, but Middle East tensions and hurricane risks provide support
- Gold drops for five days on tight policy outlook and eased geopolitical risk with Trump’s return.
- FxPro Analysis: Technical Analysis Before the European Market Opens on April 8, 2024
- Global grain market under pressure: record production meets price volatility and investor concerns.
Popular Articles
Webmaster recommended
Optinex Markets Exposed: A Ghost Platform with No Regulation
China's stimulus policies strongly boost the global commodities market rebound.
Aluminum prices stay stable but face challenges from export tax rebate cuts and tight alumina supply
After the Federal Reserve cut interest rates, gold prices hit a record high and then retreated.
Tesla and BYD refresh the sales record for new energy vehicles.
Global pressures and policy expectations drive divergence in domestic futures prices.
Ukraine's iron ore exports nearly double on Turkey and Europe demand, pressuring global prices.
CBOT data shows grain market signals as export demand and supply pressures heighten price volatility