The pound euro (GBP/EUR) exchange rate has been rising for a sixth straight day.
The pound is advancing after the UK CPI was hotter than expected, at 2.3% YoY in April, down from 3.2% in March but ahead of the 2.1% forecast. Core inflation and service sector inflation were stickier than expected.
The market is no longer pricing in a June rate cut, with the BoE now expected to start loosening monetary policy.
The euro is falling amid a quiet eurozone economic calendar. ECB President Christine Lagarde signaled to a June rate cut, saying that she believed inflation was under control.
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