Chief Market Analyst Michael Hewson looks at the prospects for the US dollar and sterling as the Bank of England updates its economic outlook for the UK economy, after April data showed a decent rebound following a weak Q1. He also looks ahead to US retail sales and Snap's Q1 results.

 

Heightened market volatility is likely over the election period, which could result in widened spreads. We recommend that you monitor positions carefully, consider the use of appropriate risk management tools and maintain a sufficient account surplus throughout this period.

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