Sterling was the standout winner this week, trading to a three-year high against the euro after breaking below a key support at 0.8200. The catalyst for sterling's strong performance came from the April Bank of England minutes which were less dovish than expected. The Bank's minutes indicated a decreasing chance of further stimulus measures being applied in May when the current round of asset purchases come to an end.
Significantly, MPC member Adam Posen changed his...
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