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Fear of UK slowdown as sentiment dips across economy

Britain experienced a deterioration in sentiment in June across a range of sectors including consumer, retail and construction, renewing concerns over the state of the economy and reversing some signs of improvement in May.

The GfK consumer index, released on Friday, dropped to -13 in June, down from -10 in May and below market expectations. Worries of downbeat consumer spending were supported by poor reading from a European Commission survey released on Thursday.

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