Quotes from the news wire:
Many positives are in the price of the pound and this is reflected in market positioning as well as FX valuation, there has been little focus on downside risks like the loss of the GBP vaccine advantage in recent weeks, the May 6 Scottish elections, as well as the potential for a renewed weakness of global risk sentiment in May and June because of a renewed spike in UST yields on the back of strong US data.
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