A strengthening Pound lowers imported inflation.
British Pound Gains against the Dollar, but losses against the Euro mount.
The Pound to Dollar exchange rate remained buoyant near six-month highs on Thursday, while GBP/EUR steadied near 18-month lows, with Sterling helped overall by a confluence of progress in trade talks with the US, a weaker US Dollar and earlier management of the Chinese Renminbi.
The Pound to Dollar exchange rate ros to fresh six-month highs on Tuesday, helping GBP/EUR recover further off recent 18-month lows, with some on the sell side citing reported progress in trade talks with the US.