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.
Global fears of a second wave of the coronavirus outbreak has dempened investpr confidence that could impact sterling exchange rates.
By Daniel Wright
GBP volatility expected nearer the end of the week as Friday sees raft of UK economic data releases.
As the spread of Covid-19 continues to impact the world's economy, measures are being taken by centrals banks to limit the damage.
What has affected sterling, euro, US dollar and Australian dollar exhange rates this week?
With fears of a no deal Brexit looming again, the GBP continues to struggle against other major currencies.
German, French and Italian economic data releases fail to provide market confidence in the Eurozone causing the euro to drop in value.
The USD makes strong advances against other major currencies due to positive economic data. Can the dollar hold on to its gains?
The Reserve Bank of Australia kept interest rates on hold whilst providing an optimistic outlook for the Australian economy.
After sterling's loss of value on Monday, reaching a 6-week low against the dollar, the pound regained the mojority of its losses during yesterday's trading.
The pound has strengthened during the week with two key events influencing rates; the latest Bank of England interest rate decision and Brexit.
Sterling makes gains against the euro due to BoE interest rate decision, despite positive German growth forecasts for 2020.
USD stable after Federal Reserve holds interest rates, although Q4 GDP figures show slight decline in economic growth.
Australian dollar fails to make gains against other major currencies due to the Coronavirus' negative effect on the Chinese economy.
Pound value increases on better than expected economic data and signs of rising business optimism.
Euro value falls as comments from ECB President Christine Lagarde failed to instill confidence in Eurozone markets.