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Pound falls as government debate highlights Brexit divisions, as May caves to Eurosceptics. FOMC Chair Powell speaks to congress this afternoon.

Dollar bounces back on trade war jitters. Trump's erratic behaviour in meetings with European leaders. UK White Paper calms fears over Brexit approach.

Trump threatens UK-US trade deal if May follows through on her Brexit plan. The UK White Paper released yesterday set out plans for a ‘soft Brexit’ approach.

Pound firms against Euro ahead of UK’s Brexit blueprint release while US Dollar continues to benefit from trade war worries as investors flock to safe havens.

Trump threatens China, again, threatening to impose a 10% levy on another $200bn worth of Chinese goods. China vows to fight back.

Sterling at 4-month low as key ministers resign. The departure of British Brexit Secretary was closely followed by that of Foreign Secretary Boris Johnson, causing GBP/EUR to dip by 1%.

Dollar sells off on risk-on market mood. Increased risk appetite caused every major currency to rally against Dollar, with Mexican Peso being the biggest winner.

Euro jumped on the back of strong industrial production data from Germany. The most important release today will be US job market data for June.

EUR/USD stays within a narrow range. Chinese Yuan continued to recover from 11 month lows, supported by a weaker Dollar and positive rhetoric from the PBoC.

EUR/USD rises and regains some of its recent losses. Sterling rebounds on the back of a slightly weaker Dollar and ends the day where it began the week.