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 saw a much quieter trading day yesterday, with GBPEUR remaining in the 1.10s and GBPUSD around the 1.31 mark over the course of the day.
By Daniel Wright
Sterling finds itself back under pressure despite Bank of England Governor Andrew Bailey's playing down of the prospect of negative interest rates for the U.K last week.
GBP continues to lose value as the likelihood of a no-deal Brexit increases due to comments made by PM Boris Johnson.
Sterling continues to make gains against the euro as UK economic data supports GBP rates whilst fears of further lockdowns in the Eurozone hamper EUR.
Brexit trade negotiations ended on a negative last week as both EU and UK representatives stated 'very little progress' has been made.
Despite U.K employment falling to its highest rate in a decade and GDP falling by a historic low sterling has recently made gains against other major currencies.
As the Coronavirus pandemic continues, GBP continues to struggle against EUR as Brexit drives the demand for sterling down.
Global fears of a second wave of the coronavirus outbreak has dempened investpr confidence that could impact sterling exchange rates.
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.