The pound is still struggling against the euro this morning, mainly due to strength from the single currency. Market optimism about peace talks in Ukraine, coupled with European inflation data and speeches from European Central Bank officials have caused the euro to rally.
Data released this morning revealed that UK house prices grew at their fastest annual rate since 2004 in March. This means that the average house price has now increased by around £33,000 over the last year.
Oil prices have fallen this morning on news that President Biden is considering the release of up to 180m barrels in the coming months in order to decrease rising fuel costs. Biden is due to speak about this later today.
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