FXStreet reports that in the view of economists at Mizuho Bank, the cable will continue moving with a heavy topside in April.

“The markets have been impressed by the high pace of COVID-19 vaccinations in the UK, but this seems to be growing less potent as a factor impacting trading. Of course, it will only be natural if this factor fades away as other countries also implement vaccination programs (with the Biden administration’s plans to increase vaccination rates also likely to have an impact).” 

“After being slightly overshadowed by other central banks recently, the Bank of England’s MPC will not be meeting in April. The GBP/USD pair will probably be swayed by comments by MPC members, but these are unlikely to shift the pair’s trend.”