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.
The focus for today is expected to briefly move away from Brexit as Philip Hammond is set to deliver his Spring statement. What could this mean for the Pound?
By Dayle Littlejohn
This week we have the latest German inflation data released at 07:00am on Wednesday morning followed by a speech from Mario Draghi at 08:00am, investors will be keenly watching out for inflation figures.
Consumer Price Index data is due out today at 14:30, which could lead to further support for an interest rate hike so has the potential to strengthen the Dollar.
Home Loans and Investment Lending data came out overnight under expectation, which seems to have counteracted any potential gains for AUD from positive National Australian Banks business confidence and conditions figures.
With the UK and the EU currently negotiating the Brexit transitional period, are the UK Government now leaning towards a softer Brexit? What could this mean for Sterling?
USD has been declining against its counterparts of late, despite the outlook for further rate hikes this year looking positive.
Today we have the latest inflation numbers released at 13:30, which could offer further strength for the Euro.
The outlook for AUD is uncertain as interest rate hikes have already been dismissed until 2019 by the RBA.
With the potential for further Brexit progress soon and positive UK economic data, could the Bank of England raise interest rates earlier than expected?
After a Hawkish final statement from Janet Yellen yesterday, further interest rate hikes are on the cards, but how will US Dollar fair in the meantime?
Mario Draghi has said that he is concerned about comments coming from the US in support of a weak Dollar, which in turn is halting EU inflation.
The statement from the US Fed that interest rate hikes will continues has the potential to damage AUD as investors move their funds out of it into USD.
As phase 2 of Brexit negotiations continue to decide on the post-Brexit trading relationship, the next 18 months could be a volatile time for the Pound.
Investors will be looking to the ECB for future monetary policy changes as inflation remains steady at 1.4% and unemployment is at a nine year low.
Investors await to see if the 3 interest rate hikes planned for 2018 will come to fruition with negative economic data of late including inflation at 2.1%.