Read our currency forecasts and market reports for details of what could affect the Pound, Euro, US Dollar, Australian Dollar and many of the other major currencies.
Sterling spikes following suggestions of a change in German stance to Brexit.
By Daniel Fozard
GBP/EUR rates remain advantageous for Euro sellers.
Sterling gains against the USD yesterday following spike in UK sentiment.
How will Chinese import and export data coming out over the weekend impact the AUD?
We could see some Sterling gains towards the end of the week, with better than expected unemployment data released recently, and further economic data to come from the UK.
Developments in Turkey will be causing investors to question the single currency for short term investments.
Could we see some gains against the US Dollar if retail sales data comes out with a loss on previous months, as expected?
Poor Chinese retail and industry production data as well as a lack of interest rate hike from the RBA has led to Aussie weakness against Sterling.
A quiet week of data for the UK follows on from disappointing inflation figures released last week; movement for the Pound is likely to be generated from Brexit developments.
On Thursday we will see the interest rate decision and deposit rate decision from the ECB, if we see any major movement from the Euro this week, it's likely to follow on from this.
Following Trumps comments last week that the Federal Reserve could be putting his efforts to strengthen the economy at risk with further interest rate hikes saw the Dollar fall against all major currencies.
This week on Wednesday we will see Australian inflation data, in the form of the Consumer price index which could increase the likelihood of an interest rate hike this year.
The speech from Mark Carney on Thursday and the Cabinet meeting in Chequers on Saturday could result in some movement for Sterling in what has been a quiet week so far.
As full scale trade war between the US and Europe seems to be developing, the Euro is currently at the worst levels seen for almost 8 months.
Thursday and Friday of this week will see a number of economic releases and minutes from the Federal Reserve meeting with insight into the previous interest rate decision.