The pound has been given a boost this morning following the release of UK inflation figures. The annual inflation figure for March is 7%, the highest rate since 1992, with petrol and furniture showing some of the largest price increases.
Both the Prime Minister and the Chancellor of the Exchequer have rejected calls to resign after being fined by the police for breaking lockdown rules in 2020. Boris Johnson has become the first UK Prime Minister to be sanctioned for breaking the law.
The euro continues to struggle due to decreasing hopes that a resolution can be found to the Ukraine war soon. Tomorrow, the European Central Bank will make its latest decision on interest rates.
Data released yesterday revealed that US inflation has risen to a 40-year high due to energy prices.
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