UK retail sales unexpectedly rose 1.4% month-on-month in April

Britain’s retail sales unexpectedly rose 1.4% m/m after falling 1.2% in March, and sales in the three months to April fell 0.3% after a 0.7% drop in March.

Britain’s consumer confidence index fell to its lowest level since the survey began in 1974, as this data comes as inflation in Britain reached its highest level in 40 years.