Weekly Forex Forecast: 27 April – 01 May

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The British Pound was the comeback kid on the block as the currency soared this week, brushing aside election uncertainty risks. The British Pound’s rally however wasn’t based on any sound fundamentals. The BoE’s minutes did not show any major shifts in bias and a rate hike speculation hasn’t changed from the Q1 of 2016. Retail sales data was also weak, yet the Pound managed to beat its peers to r...

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