UK consumer confidence improves with retail sales up 0.3%

Consumer confidence continues to pick up despite higher mortgage costs and stubborn price pressures, GfK’s monthly survey revealed today.

GfK’s overall index score edged up three points to -24 in June, the fifth monthly rise in a row and better than the score of -41 seen the same month last year.

The biggest surprise in the report concerned how people see their personal financial situation in the coming year, which improved seven points to a whisker from positive territory.

Fidelity Special Values PLC (LON:FSV) aims to seek out underappreciated companies primarily listed in the UK and is an actively managed contrarian Investment Trust that thrives on volatility and uncertainty.

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