As April comes to an end, the pound remains relatively unchanged against the euro and has weakened slightly against the dollar. The outlook for sterling in May could be set by a major Bank of England decision next week, as well as the Scottish elections.

Economic sentiment in Europe is the highest since September 2018, however, looking at individual countries, the picture is more mixed.

The US saw a whole host of positive data releases yesterday, including GDP growth and fewer initial jobless claims, which gave the greenback a boost.

Make sure any upcoming transactions are protected against the risks of sudden market movements. Secure a fixed exchange rate now with a forward contract; call your Personal Trader on  020 7898 0541 to get started.

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