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Falling Consumer Confidence Does Not Affect Pound Much

April 30, 2013 at 8:30 by Vladimir Vyun

A fan of 20-pound billsThe Great Britain pound was little changed today even after UK consumer confidence unexpectedly fell this month, suggesting that the Britain’s problems did not end yet.

The GfK UK Consumer Confidence Index decreased by one point to -27 in April. Forecasters have predicted it to stay unchanged at -26. The report said that “the recovery in confidence has stalled, and real recovery looks a long way away”.

GBP/USD was at about 1.5495 as of 8:30 GMT today after falling from 1.5498 to 1.5465. GBP/JPY traded at 151.45, near the opening of 151.47.


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