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The Federal Reserve in the US is almost set for a third rate hike at its December meeting this evening, which would increase rates to 1.5%.

This week is full of central bank meetings with Federal Reserve meeting on Wednesday, European Central Bank and Bank of England on Thursday.

The US Dollar was the clear winner among G10 currencies last week after the Senate managed to pass a version of the tax bill over the weekend.

Prime Minister Theresa May had struck a last minute deal in the first round of Brexit negotiations with the European Union, which sparked Sterling yesterday

Sterling slipped to its lowest level in a month against the US Dollar on Wednesday as investor fret a deal might not be reached with the EU next week.

Sterling continued to seesaw during London trading, meanwhile Euro fell to its weakest position in two weeks against the greenback yesterday.

Pound slipped on lack of Brexit breakthrough following Theresa May's meeting in Brussels yesterday. The PM failed to reach an agreement with the EU.

Sterling rallied to its strongest position in two months against the US Dollar last week on strong UK data and renewed Brexit optimism.

The Pound climbed on Brexit optimism back above the 1.35 mark against the US Dollar for the first time in over two months.

An impressive set of third quarter GDP data reinforced expectations that the Federal Reserve will raise interest rates again in December.