GBP review

Sterling squandered a five-week high and briefly surrendered $1.50 against the dollar after U.K. consumers unexpectedly misplaced their wallets in March. Retail sales unexpectedly fell 0.5 percent last month compared to forecasts of a 0.4 percent gain. 

The pound's resilience shows how a fair amount of election uncertainty has been priced into its exchange rate. The big vote looms in two weeks so the pound's hold on the $1.50 handle could prove a bit slippery. 

The next big event on sterling's radar is first quarter growth due April 28.