The pound euro (GBP/EUR) exchange rate is rising, recovering yesterday’s losses.
The pound is rising as investors continue to consider the Chancellor’s Budget, in which a 2% National Insurance Tax cut could mean a slight increase in discretionary spending.
Inflation is also expected to cool to 2% in April, and the growth forecast was revised higher.
The euro is slipping after the ECB rate decision, where the central bank is expected to leave rates unchanged. New staff projections could give more clarity on when the ECB could start to cut rates.
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