* USDMXN continues to gravitate back towards cycle lows, with bearish conditions remaining intact ...
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Local elections take place in 24 local authorities and six regional mayoralties across England on 1 May. A parliamentary by-election will also take place in the seat of Runcorn and Helsby after sitting Labour MP Mike Amesbury was sentenced to ten weeks in prison for assault. The last time these areas held council elections was 2021, when the centre-right Conservatives, in gov't under then-PM Boris Johnson, performed strongly on the back of the COVID-19 vaccine rollout. This time around, the populist Reform UK is well-positioned to make gains at the expense of both the Conservatives and the governing centre-left Labour party.