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FOMC minutes struck a hawkish tone with the Fed seeing a ‘significant fiscal policy growth boost over the next few years’.

Chinese President Xi’s conciliatory speech attempted to de-escalate trade tensions, stating that China was ready to adopt lower tariffs.

Sterling broke out of its recent range on Tuesday morning, rising to its strongest position in almost two weeks against the US Dollar.

Major currencies, Sterling, Euro and the Dollar, all ended very close to where they began the week, with little action in G10 currency trading overall.

The Pound sank back below the 1.40 level against the US Dollar for the first time in over two weeks, following a release of a woeful UK services PMI.

The Pound slipped against its major peers this morning after a very underwhelming services PMI caused investors to fret about economic slowdown in the UK.

Sterling firmed against its major peers on the first trading day since the Easter break on a better-than-expected manufacturing PMI.

The rally in the Euro has left many asset managers underexposed to Dollar - denominated assets, hence the need for further buying.

The Pound fell off on month-end flows, slipping by over a percent in a little over five hours before retracing half of its losses yesterday evening.

The US Dollar index slipped to five weeks low against trade-weighted basket on Monday, following easing in trade war concerns and a return to risk appetite.