Quotes from Western Union:
- Like the drivers impacting the pound, it was mixed on Friday, notching gains against the euro but lower and at its weakest in a month against the greenback. On the bright side, sterling continues to enjoy general underpinning on account of the economy's sturdy fundamentals that keep the U.K. central bank on course to boost rates over the coming year.
- Still, the pound has started to lose steady traction as Britain moves closer to a crucial vote in May which is seen too close to call, fanning political uncertainty. Meanwhile, the steady rout in euro-dollar has spilled over to negatively impact sterling-dollar.
