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 two questions driving GBP rates recently are what will Brexit look like? And when will the Bank of England (BoE) begin to hike interest rates?
By Jonathan Sherman
The Euro struggled against the Pound yesterday after positive UK unemployment data was released, despite above expected GDP from the Eurozone.
Despite Trump's outlandish comments made recently, the Dollar index which measures the Dollar's value against multiple pairings, has climbed 8% this week.
The Aussie Dollar gained more than 1.1% yesterday after China's GDP growth forecast for 2018/20 was raised by 0.4% by the International Monetary Fund.
Tomorrow's UK inflation data, released at 09:30am, could be the fundamental driver for Pound Sterling movement this week.
Over the past week we have seen the Pound fluctuate from its lowest point in 8 months to more than 1 month highs.
On Friday afternoon the Dollar was put under pressure after John McCain stated the vote on repealing the 'Affordable Health Care Act' had been postponed.
Early this morning we saw China's Industrial Production Figures released. The higher than expected figures has caused the JPY to fall more than 20 cents.
Pound Sterling exchange rates failed to rally further after Theresa May passed her first potential threat as Prime Minister since the snap Election.
We are continuing to see impressive economic data releases in the form of Services Sentiment, Industrial Confidence and Business Climate Indicator.
Janet Yellen gave a speech in which she discussed the reduced risk of another banking crisis, leaving the markets with little to get excited about.
On wednesday we saw GBP/CAD rates lose more than a cent during the course of the afternoon's trading, after a positive speech from Stephen Poloz.
If we wake up on Friday morning and the Conservative party have lost their majority in the House of Commons we could see GBP/EUR rates weaken significantly.
With the expectation that Mario Draghi will announce no change to current policies, the subsequent press conference may be the event to keep an eye on.
Recent economic data releases continue to disappoint with Nonfarm Payrolls under delivering by 47k jobs, and weak construction spending figures.
