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The pound gained strongly against almost everything but the yen yesterday, including close to a percent on the US dollar, taking it to 2.25% gain over the course of April. Less spectacular against the euro, and we are still within the zone that GBP/EUR has been trading at for nine months, but its best since last August nonetheless. Although it’s a quiet period for data, next week could be a long one for politics, with Starmer’s premiership again under pressure.

GBP/USD past year

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