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UK Consumer Confidence

Written July 29, 2010 at 7:07 PM EST by Alex Chernomordin 

The GFK Consumer Confidence Survey came in lower than expected at -22 versus the expectation of -20 and the prior reading of -19. The survey is the lowest since August of 2009 and the personal financial situation and UK’s economic situation for the next 12 months, which are component queries for this survey, are the lowest since March of ‘09. Cable did not react this negative release as it sits above the 1.56 handle.

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