The robust recovery of the UK's manufacturing PMI indicates a resurgence in household spending, boosted by growing expectations that the Bank of England (BoE) may start raising interest rates sooner due to sustained decreases in inflation rates.
At the British Retail Consortium (BRC) meeting, it was revealed that inflation increased by 1.3% in March, marking the slowest rate of increase in a year due to downward adjustments in food and non-food prices.
In Japan, there remains uncertainty about the Bank of Japan's (BoJ) interest rate trends, which could further weaken the Japanese yen. The BoJ is expected to seek appropriate policy measures amid concerns about wage growth.