While the Bank of England (BoE) is concerned about inflation, the British pound rose against the euro on Thursday.

The Bank of England sees with concern inflation taking off in the United Kingdom, slightly adjusting their message so far very confident. UK inflation continued to climb to 2.5% year on year in June, the highest since August 2018, data showed on Wednesday. For its part, the pound is strengthening. Around 3:00 p.m. GMT (5:00 p.m. in Paris), the British pound gained 0.19% against the euro, to 85.25 pence for one euro. For traders, the question is whether the pressure of rising prices will cause central banks to normalize their monetary policy, which would make the currencies they issue more attractive. In the United States, where inflation is also increasing, the President of the Central Bank (Fed) Jerome Powell also mentioned the rise in prices.