Risks are skewed to the downside for the pound going into the BOE – BNP Paribas 0 (0)

BNP Paribas says a lot of positives have already been priced in for the pound
Adding that a lot of positive news are already baked into the price and hawkish interpretations of the slowdown in QE purchases should be limited, with the BOE opting for a two-step taper process potentially seen as a more dovish action

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EUR/USD holds slightly higher on the day but key technical levels still in play 0 (0)

EUR/USD trades at the highs today, up 0.3% to 1.2055 currently
The 100-day moving average is seen @ 1.2051 today and will be a key point of contention to watch but further resistance is still seen from the key hourly moving averages, which are seen @ 1.2070-85. Keep below that and sellers stay in near-term control.

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EU proposes to ease restrictions on non-essential travel into the bloc for those who have been vaccinated 0 (0)

European Commission announces with the proposal
The EU is proposing member states to ease non-essential travel restrictions into the region by taking into account progress of vaccination campaigns and developments abroad, notably allowing for persons residing in a country with a „good epidemiological situation“ to enter and also those who have received the final dose of

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A look at central banks for May: Part 2 0 (0)

Central bank rundown continued
Prior to the latest BoE meeting on March 18 there was a tail risk of a rate hike coming into the markets. The GBP has been strongly supported over the last few weeks and the last meeting continues to provide reason for optimism regarding GBP strength.The major headlines for the Bank Of

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