The Wall Street Journal: U.K consumers shake off Brexit worries

U.K. consumer sentiment saw some recovery in August after suffering its steepest fall in more than two decades in the immediate wake of Britain’s decision to leave the European Union.

A long-running barometer of consumer confidence, conducted for the European Union’s executive by market researchers GfK U.K. Ltd., showed a five point gain in August. The index climbed to minus 7 after seeing its steepest month-on-month drop since 1990 in July to minus 12.

But consumer confidence remained weaker than it was before the June 23 vote, when it had recorded a reading of minus 1.

The GfK findings add to the mixed picture emerging from the first pieces of post-referendum data and surveys.

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