GBP/USD is holding onto levels above 1.5430 after tripping stops a short time ago. It has basically been a “good news” session for Sterling with the trade gap narrowing in February and with the market apparently liking the Conservative manifesto pledge, especially the one that the BOE will continue to target a 2% inflation number if elected. The press are of course pre-occupied with opinion polls but one only has to look at the bookmaker prices who say the conservatives are odds to have an overall majority. The election from where I sit looks thus looks like a sideshow. Whilst I am no fan of GBP/USD, more topside could be in store.