In an extra poll conducted by GfK in late March, British consumer confidence dropped to the weakest since February 2009, as the economic shutdown to fight the coronavirus spread dampened households’ financial hopes. Key findings “The drop in the index to -34 from -9 in its regular survey for March, conducted earlier in the month, was the biggest in more than 45 years. GfK client strategy director Joe Staton said: “Our COVID-19 ‘flash report’ shows a dramatic result with consumer confidence falling off the cliff in the last two weeks of March.” The biggest decline in the GfK survey came in households’ willingness to make major purchases, despite a spike in demand for freezers, televisions and home office equipment as people prepared to spend most of their time at home.” GBP/USD off the lows, not out of the woods yet The US dollar pull back from multi-day highs across its main competitors prompted the bounce in GBP/USD from 1.2210 low but the pound is not out of the woods yet, as the UK PM Boris Johnson remains hospitalized due to coronavirus. GBP/USD: A bearish start to the week as UK PM hospitalized amid coronavirus FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CAD Price Analysis: Consolidating in a symmetrical triangle pattern FX Street 2 years In an extra poll conducted by GfK in late March, British consumer confidence dropped to the weakest since February 2009, as the economic shutdown to fight the coronavirus spread dampened households’ financial hopes. Key findings “The drop in the index to -34 from -9 in its regular survey for March, conducted earlier in the month, was the biggest in more than 45 years. GfK client strategy director Joe Staton said: “Our COVID-19 ‘flash report’ shows a dramatic result with consumer confidence falling off the cliff in the last two weeks of March.” The biggest decline in the GfK survey came… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
