The British Pound faces a double-header of risk events over coming days with the Bank of England's Thursday policy meeting potentially setting the tone for how May plays out.
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The UK's vaccine rollout will speed up in May according to reports, easing what might have been a contributing factor to the Pound's lacklustre April performance.
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Research from Crédit Agricole shows that the British Pound could be vulnerable to political risks over coming days, and they have advocated a 'sell' on the currency as a result.
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The British Pound has more or less flatlined against the Euro will continuing to churn familiar territory against the U.S. Dollar, but early May could bring with it a welcome dose of volatility.
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Foreign exchange analysts are saying the lacklustre performance of the British Pound during April could be linked to rising political uncertainties linked to the May 06 polls due to be held in Scot…
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The British Pound should remain well supported over coming months, but gains will be harder to realise than was the case in the first quarter of the year say analysts at a major investment bank.
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The British Pound enters the final week of April on the front foot, advancing against all its major peers apart from the Australian Dollar.
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