GBP review

Pound found a positive in the minutes from the latest Bank of England meeting which played up recovery prospects in the euro zone and see a case for U.K. inflation to rebound from record lows with the economy expected to maintain solid growth. 

Downside risks for the pound remain however which makes the robust move like today's a great opportunity for GBP sellers to take advantage. Election risk is partially baked into the pound's exchange rate but not entirely. 

Moreover, the central bank minutes showed that officials expect inflation to worsen and for a time fall below zero before eventually turning higher. Low inflation gives bankers scope to leave rates low and could afford them flexibility to even cut them, if necessary.