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Political developments in the US turned bullish for the Dollar last week, helping it to its fourth weekly positive performance.

The London to Paris Cycle Ride is a four day challenge for the St Elizabeth’s Hospice in Suffolk. Alex, supported by Ebury, took part in the charity event.

Governor of the Bank of England Carney warned that interest rates in the UK were on course to rise ‘in the relatively near term’.

The Dollar gained for another day on Wednesday after President Trump last night proposed the largest tax overhaul in the US in three decades.

The common currency slipped below the 1.18 mark against the US Dollar on Tuesday as investors continued to digest the German election result.

Despite securing her fourth term as Chancellor, the rise in populism in the country has provided genuine cause for concerns among investors.

Euro pegged back after FOMC confirmed next rate hike to take place in 2017 and the better-than-expected showing of the extreme right in Germany’s election.

The US Dollar was back under heavy selling pressure this morning as geopolitical tensions between the US and North Korea escalated.

The US Dollar spiked by over one percent against the Euro yesterday evening after the FOMC suggested it expected to hike interest rates again in December.

The Federal Reserve will, this evening, be announcing its interest rate decision following its FOMC monetary policy meeting.