According to Jinshi data reports, on May 23, British consumer confidence improved in May, possibly reflecting the effects of falling 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 and the partial easing of the trade war by U.S. President Trump may have relieved consumer concerns. Nevertheless, the index remains well below the long-term average of -11.