UK Consumer Confidence Gains on Interest-Rate Cut, US Trade Deal

UK consumer confidence rebounded slightly in May, a new survey showed, as the Bank of England eased borrowing costs and government officials struck a trade deal with the US.

GfK’s sentiment gauge reached -20, up three points from April, when US President Donald Trump’s escalating trade war fueled anxiety about the economic outlook, according to a report published Friday. The latest reading was higher than the -22 expected by economists.