The pound has strengthened against the euro and the dollar this morning, building on gains made yesterday following high inflation figures.
Inflation in March surged to its highest annual rate in 30 years, reaching 7%. This has boosted expectations that the Bank of England will hike the interest rate again at its next meeting and possibly subsequent meetings throughout the year.
The data calendar is empty today ahead of the Easter bank holiday. However, next week PMI and consumer confidence figures will be released.
