UK consumer sentiment hit a 10-month high in August, boosted by a Bank of England rate cut.

UK consumer sentiment reached a 10-month high in August, according to the S&P Global UK Consumer Sentiment Index, which rose to 47.0 from 45.1 in July. The improvement is attributed to the Bank of England's recent interest rate cut. Despite remaining in negative territory, households reported better sentiment about their finances and an improvement in job security and activity.