British consumer sentiment recorded its biggest improvement in nearly four years this month as coronavirus lockdown restrictions eased, though it still remains far below its level at the start of this year, a survey showed on Friday.
The GfK consumer confidence index, Britain’s longest-running such survey, increased to its highest since March at -30, up from -36 in late May, which was the lowest reading since the depths of the financial crisis.
Bank of England Governor Andrew Bailey said on Thursday that the economy appeared to be on course to shrink less in the first half of the year than he had feared last month, though this did not necessarily mean there would be a strong rebound.
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