The British Retail Consortium's monthly measure of retail sales hit an eight-month high in March, which points to an ongoing revival of the UK retail sector, according to economists.
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Fresh uncertainty about the timing and pace of Fed rate cuts this year weighed on markets on Friday as policymakers grew increasingly wary about the inflation outlook.
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There are further signs that inflation expectations at UK businesses continue to decline, boosting bets that the Bank of England can cut interest rates in June.
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The market is increasingly assuming that a U.S. rate cut is some months away.
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Relief for consumers as the disinflation process continues, but the BRC warns looming challenges posed by government policy could arrest the process.
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The Bank of England still has some distance to go before cutting interest rates, says a member of the MPC.
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New analysis shows that CPI inflation will fall below 1.0% and remain below the Bank of England's 2.0% target through 2025, raising the risk of deflation in the UK.
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