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.
With Sterling having performed well recently following positive news regarding Brexit, is now the best time to buy foreign currency?
By Daniel Wright
The Euro has maintained some strength against GBP, despite Sterling's gains against other currencies. Brexit uncertainty appears to be favouring the Euro.
New Fed Chair Jerome Powell is expected to speak this week, and we also have a number of data releases due out to pay attention to for upcoming Dollar transfers.
The South African Rand has continued to gain against the Pound. Following some recent gains is now the best time to sell ZAR to buy GBP?
Sterling has reached multi-month highs against the Euro and the Australian Dollar and has hit its highest level against the US Dollar in 17 months.
Mario Draghi, the head of the ECB spoke yesterday and his comments have helped the Euro get back to the best trading levels against USD since 2014.
We are currently seeing the best time to buy Dollars since before the referendum, with the uncertain political balance in the US currently.
Today is Australia Day, so a quiet day in terms of economic data. The next data release is on Tuesday of next week with inflation levels released overnight.
As Brexit negotiations slow at the end of the year, we aren't likely to see much volatility unless there are any surprises.
Many analysts believe that GBPEUR will hit parity next year, which can't be ruled out if there are any major set backs with Brexit negotiations.
Personal consumption, durable goods orders, new home sales and the Baker Hughes oil rig count are all due out today so we could still see some USD movement.
CAD received a boost yesterday with retail sales coming out much better than the expected 0.3% at 1.5% which makes an interest rate hike appear more likely.
Along with Brexit news, inflation, average earnings and unemployment data, the Pound has been affected by further political uncertainty this week.
We will today see inflation data for the Eurozone, which if positive is likely to further increase the Euro's value. A decrease could see a small dip.
Investors look to December 13th for the Federal Reserve's interest rate decision, where a rate hike from 1.25% up to 1.5% is expected.