The pound is still strong against both the euro and the dollar after inflation data was released for the UK this morning.
Inflation rose in April, both annually and month-on-month, due to the reopening of the UK economy. Consumer prices are at their highest since March 2020.
EU ambassadors are due to hold talks in Brussels today about whether to allow fully vaccinated tourists from the UK into the EU without restrictions. Despite this, most European countries are still on the UK’s ‘amber’ list, and the Prime Minister said yesterday that amber countries should not be visited for holidays.
In the US, the markets await the release of the Federal Reserve’s latest meeting minutes this afternoon.
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