The main currency pairs were confined to narrow ranges last week. Although, Sterling has adopted a slightly firmer tone on the back of opinion polls that continue to show a healthy lead for the Conservatives ahead of next week’s UK election.
Last week, Sterling came under pressure when the Bank of England chose to keep interest rates on hold, but not unanimously. This was the first split vote since June 2018, with two members of the Monetary Policy Committee voting for a rate cut.
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