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After early morning losses the pound was able to recover and rebound against all major currencies, with the best gains seen against the greenback with GBP/USD exchange rates up by 1% in the afternoon hitting a 3 week high. Positive housing data for the UK was the main driver of these gains on Tuesday. Tomorrow morning at 9:30am the Bank of England release their much awaiting minutes from March’s interest rate decision. A split decison result of the decison to not extend QE could easily see todays gains wiped out.