The British pound may rise if the Bank of England is able to successfully convince the markets that it is truly shifted gears from an outright dovish posture to a wait-and-see approach with the release of minutes from the March meeting of the MPC.

The British pound slipped to a 10-month low against the U.S. dollar as the economic docket reinforced a weakened outlook for the UK, and fears of a protracted recovery.

The British pound is likely to continue lagging against the spectrum of major currencies as the Bank of England maintains a dovish posture at the upcoming monetary policy meeting.

The British Pound may continue to retrace the advance from the previous year as policy makers see a risk for a protracted recovery.

The British Pound is set to fall in with broad trends in risk sentiment as the economic calendar fades from view after the Bank of England firmly confirmed a dovish medium-term posture in its quarterly inflation report.

Policy makers chose to leave the door open for quantitative easing as the U.K. economy barely ended its recession in the fourth quarter.

The widespread exodus from risky assets did not leave carry trades unscathed, pushing the yen sharply higher against the spectrum of its major counterparts.

A week of major event risk should continue to generate pound volatility highlighted by the release of the Bank of England minutes from its January policy meeting.

Short-term interest rates seem to be telling a different story for the Japanese yen.

The final 3Q GDP reading is expected to show a 0.1% contract amid an initial forecast for a 0.3% drop in the growth rate, and the data is likely to encourage an improved outlook for the region as policy makers see the economy emerging from the worst recession since the post-war period.