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British consumer morale suffered its sharpest drop in more than 26 years after last month's decision by voters to leave the European Union, as Britons became increasingly pessimistic about the economic outlook. Market research firm GfK said its gauge of consumer confidence fell to -12 from -1 in June, the biggest drop since March 1990 - when Margaret Thatcher was prime minister and Britons were reeling from interest rates rising to 15 percent. By contrast, the Bank of England will probably cut rates to a new record low of 0.25 percent next week, according to economists who say plunging business and consumer morale since the June 23 vote will spur policymakers into action.
PHILADELPHIA (AP) — Hillary Clinton capped off a four-day convention celebration with a plea for national unity and tolerance. Now, one of the most divisive and distrusted figures in American political life must convince voters that she rather than Republican rival Donald Trump can bring a deeply divided nation together.