The holiday-shortened week ahead has little in the way of important data or events to move Sterling assets. Sterling remains under short-term pressure.
is trading around lows last seen one month ago after the Bank of England gave a strong hint that they may start cutting interest rates in June. Going into the meeting, market forecasts pointed at the August meeting for the first UK Bankfell from a high of 1.2800 to around 1.2650 and this sell-off has continued as we go into the weekend.
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