The pound is still strong against the euro this morning following a strong week last week. However, it is still suffering against the dollar.
This strength against the euro is largely due to weakness from the single currency. As well as this, the pound is outperforming a range of currencies due to the UK being less dependent on Russian energy compared to other nations, as well as rising UK interest rates.
It’s a light week for UK data, however, retail sales figures for March will be released on Friday. The figure is expected to stay the same month-on-month but drop slightly year-on-year.
