Pound bulls who found solace this week in political events outside Britain will look for signs of higher consumer prices to underpin the currency’s rally. Sterling climbed against all of its 31 major peers this week as investors reassessed the outlook for inflation and the rise of populist movements in Europe after Republican candidate Donald Trump’s triumph in the U.S. presidential election. The U.K. currency’s revival helped unwind part of last month’s almost six percent drop versus the dollar. As concern about the impact of Britain’s decision in June to leave the European Union is pushed to the background, strategists say the pound may extend its recovery if data due next week were to offer more evidence of the economy’s resilience after the referendum as well as signs of accelerating inflation.   “There’s a risk that inflation prints come in higher than consensus over the next few months,” said Gavin Friend, a strategist at National Australia Bank Ltd. in London. “Anything like that would just boost the pound further. The market is very short the pound,” he said, referring to bets that the currency will weaken. Sterling climbed 0.7 percent this week to $1.2606 as of 5:07 p.m. in London Friday, having jumped 2.7 percent the previous week. It strengthened 3.5 percent to 86.01 pence per euro, the biggest gain since July 2015. “The pound has got more room to recover” against the euro, NAB’s Friend said. “Investors are now looking at Europe and thinking how this populist shift will carry on.”