UK consumer confidence likely to rise further

UK is in a sweet spot for the consumer at the moment. The fall in inflation to zero accompanied by the rise in wage growth is leading to a strong increase in real disposable income growth. 

Moreover, the unemployment rate hovers at a 7-year low. This is a recipe for strong consumer confidence. 

"As yet, the fears of a sharp China slowdown might not probably be reaching the consumer, so an increase is expected from 7 to 9", says Societe Generale.