A post by @FirstSquawk on X.

Barclays reported that UK consumer spending rose 2.3% year-over-year in October, up from 2.0% in September and marking the largest increase since July 2025. The acceleration came even as consumer confidence fell to its weakest level since April, suggesting households remain cautious despite higher spending. The data points to resilient consumption heading into the holiday season, though the confidence gap raises questions about whether the pace can hold. Watch next month's Barclays spending figures and confidence readings for signs of whether the divergence persists.