According to CoinMeta, the latest survey shows that the UK consumer confidence index plummeted by 11 points to -24 in October, marking the largest single-month decline since April 2020. This result reflects growing concerns among the public about the economic outlook and is lower than the predictions of all economists in a Reuters survey. Market research firm gfk stated that this sudden drop in consumer confidence was influenced by multiple factors, including rising inflation, conflicts in the Middle East, and ongoing pressure on household budgets.