July 7, 2016 / 9:47 PM / 3 years ago

UK consumer confidence fell at fastest pace in 22 years post-Brexit - Telegraph

A woman walks past a shop advertising a sale on Regent Street in central London December 6, 2011. REUTERS/Andrew Winning

LONDON (Reuters) - British consumer confidence fell at the fastest pace in 22 years after last month’s decision by voters to leave the European Union, according to a survey by market research company GfK cited by the Daily Telegraph newspaper.

The survey said consumer morale fell to -9 in the aftermath of the June 23 vote down from -1 in its previous monthly survey, representing the biggest drop in confidence since December 1994.

Reporting by Michael Holden, editing by G Crosse

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