British consumers' Brexit shock may be fading

August confidence index bounced back from a three-year low

26th August, 2016
Has Brexit panic subsided? Pic: Getty

British consumer confidence rose by the most in more than three years this month as the initial shock from Britain’s decision to leave the European Union faded.

An index of sentiment by YouGov and the Centre for Economics and Business Research jumped to 109.8 from 106.6 in July, which was a three-year low. The gauge is still below the level it was a year ago.

Measures of household confidence plunged in July, but retail sales...

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