LONDON, July 22 Reuters British consumers39; confidence remained stuck at a record low this month in the face of surging inflation and higher interest rates, a survey showed on Friday.

Market research firm GfK said its consumer morale index held at 41 in July, matching June39;s 48year low and below levels that have previously preceded recessions.

Economists polled by Reuters had expected the index to edge down to 42.

Joe Staton, client strategy director at GfK, said a twopoint rise in hopes for personal finances over the next 12 months might reflect optimism after Prime Minister Boris Johnson said he would resign.

But the overall index reflected acute concerns about the general economic situation.

With inflation heading for double digits from more than 9 in June, the Bank of England is expected to raise interest rates for the sixth time since December next month, despite a slowing economy. It says it is prepared to act forcefully if needed.

Writing by William Schomberg, editing by Andy Bruce

Source Reuters