UK retail sales rebounded more than expected in April as good weather boosted food store sales, official data showed on Friday.
A monthly survey today showed that British consumer confidence strengthened in May on hopes of easing trade tensions and the interest rate reduction by the Bank of England.
Retail sales grew 1.2 percent on a monthly basis in April, following a revised 0.1 percent rise in March, the Office for National Statistics said. Sales were expected to climb only 0.3 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.