London, April 24 (WNM staff) - Only a few days ago the Sterling was gaining towards the Dollar. Now it seems the FT is seeing a trend ahead.

 The FT writes: "Last week the ratio of long and short positions established by speculative accounts turned marginally in favour of positive bets for the first time since June 2018, according to data published by the US Commodity Futures Trading Commission. The shifts come after government data showed that Britain’s economy was 0.3 per cent bigger in the three months to February than in the preceding quarter, defying some gloomy forecasts that Brexit would weigh on sentiment. Retail sales in March were also stronger than expectations."

“If you shut your eyes and forget about Brexit, the UK economy is actually doing quite well and the pound remains very cheap,” The FT quotes  James Binny, global head of currency at State Street Global Advisors.