GBP review: Western Union

Quotes from Western Union:

- The sterling pound slipped lower from its highest level since early Feb. The market is shifting focus to the election in May which could result in higher spending and greater regulation of the large financial sector. 

- In recent days the Pound was also buoyed by cross flow from the Euro where interest rate differentials are attracting flows which are positioning for the commencement of ECB QE measures next month. 

- The Sterling Pound is up about 3% from its 2015 lows below 1.50 traded in late January about a month back and it is pushing some traders to take profits off the table and wait for further direction to evolve.