FX.co ★ UK Consumer Confidence Plummets to 2-1/2-Year Low

The UK GfK Consumer Confidence Index fell by four points to -25 in April 2026, marking its steepest decline in a year and its lowest reading since October 2023, and coming in below market expectations of -24. The sharp deterioration underscores mounting worries about the economic impact of escalating tensions in the Middle East, with rising pessimism evident regarding both household finances and the wider UK economy. Consumers are increasingly troubled by higher prices—especially at the fuel pump, where costs are squeezing household budgets—as well as the likelihood of further price increases in the coming months.