According to data from Jinshi, on May 23, British consumer confidence improved in May, possibly reflecting the impact of lower interest rates and easing global trade tensions. The GfK consumer confidence index rose from -23 in April to -20 in May.
GfK Consumer Insights Director Neil Bellamy stated that the Bank of England's interest rate cut on May 8, along with some easing of the trade war by U.S. President Trump, may have relieved consumers. Nevertheless, the index remains well below the long-term average of -11.