Inflation falls less than expected

CPI and RPI data has fell less than expected in March – in what is seen as a positive data release for the Pound. Sterling has found a little strength, making rates available from your currency broker slightly better if you are transferring money overseas.

Unfortunately the inflation figures were followed by consumer sentiment data in Germany which is much higher than expectations, leading to Euro exchange rates falling back straight away.

Against the US Dollar, the Pound is up nearly a cent from its lowest position this morning.