Although UK consumer sentiment remains pessimistic, it is currently at its highest level in 17 months.

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The consumer sentiment in the UK has reached its highest point since January 2022.

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The Bank of England raised the interest rate on Thursday by a significant 50 basis points.

Experts predict that there will be a further increase in rates.

In September of 2022, the GfK UK consumer confidence measure reached an all-time low of -49.

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