UK data - GfK Consumer Confidence for April 2024 comes in at -17
- expected -18, prior -19
Joe Staton, client strategy director at GfK:
- "All in all, consumers are clearly sensing that conditions are improving. This good result anticipates further growth in confidence in the months to come"
Not moving GBP.
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Eyes now on the Uk election:
- UK's Sunak calls a national election on July 4 as per earlier reports
- BOE cancels all public statements until after July 4 UK election
- Goldman Sachs expect a Bank of England 25bp rate cut in August (previously tipping June)
- JP Morgan on UK CPI (risk tilted to upside) say BoE may not be able to ease at all in 2024
![sunak starmer 24 May 2024 2](https://images.forexlive.com/images/sunak%20starmer%2024%20May%202024_id_e8ec58e4-83b8-41de-b0f2-42150b402979_original.jpg)
The contest is Sunak vs. Starmer. It looks like Starmer has sealed his win already, he is so far ahead.