Sterling dips from 10-month high against dollar; JP Morgan profits jump 52%; US retail sales drop – as it happened

The pound strengthened as data showed US economy cooling, before Fed policymaker vowed to press on with interest rate rises

Aldi and Lidl have cut the price of milk to match Tesco and Sainsbury's as the annual spring flush' rise in production leads to oversupply.

The price cuts are the first since 2020 as rises in energy, fertiliser and feed prices have led to a surge in the price of milk since then.