The pound euro exchange rate (GBP/EUR) is edging higher on Tuesday.
The pound is rising after the BoE noted in its Financial Stability Report that households and businesses were resilient to high-interest rates.
The BoE left rates at 5.25%, a 15-year high last week as inflation cools towards the target 2% level.
The euro is struggling despite eurozone consumer confidence and Spanish inflation rising.
Spanish inflation rose 0.8% MoM in March, up from 0.4% in Februaruy lifted by the tourism boom.
Eurozone consumer confidence ticked higher to -14.9 from -15.5 despite signs of the economy stagnating.
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