FX.co ★ UK Consumer Sentiment Slips in July as PCSI Dips to 46.2

Consumer confidence in the United Kingdom softened in July, as the Thomson Reuters IPSOS Primary Consumer Sentiment Index (PCSI) declined to 46.2, down from 47.4 in June 2026.

The latest reading, updated on 9 July 2026, signals a modest deterioration in household sentiment compared with the previous month. While the index remains below the neutral 50-point threshold often seen as a dividing line between pessimism and optimism, the month-on-month drop underscores lingering caution among UK consumers regarding their financial outlook and the broader economic environment.

Market participants and policymakers will be watching upcoming data closely to assess whether July’s decline is a temporary setback or the start of a more sustained weakening in consumer confidence, which could have implications for household spending and overall economic momentum in the months ahead.