Quotes from Western Union:
- The market has brightened for GBP buyers as sterling has swung from multiweek highs to now multiweek lows. Political uncertainty is on the rise in Britain ahead of what's likely to be a too close to call vote in May.
- Today, meanwhile, a gauge of influential services growth in Britain unexpectedly moderated in the latest period which offered another reason for the market to pare back exposure to the U.K. currency. The services PMI unexpectedly slowed to 56.7 last month compared to forecasts of 57.5 from 57.2 in January.
Commentary
GBP review: Western Union
Quotes from Western Union:- The market has brightened for GBP buyers as sterling has swung from multiweek highs to now multiweek lows. Political uncertainty is on the rise in Britain ahead of what's likely to be a too cl…
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