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The US Dollar slumped to its lowest level in over a year last week as a strong Euro and political saga in the US weighed heavily on the greenback.

The Euro jumped to its highest level against the US Dollar in nearly two years on Thursday after ECB President Mario Draghi spoke in Frankfurt.

The European Central Bank will be announcing its monetary policy decision following its two day meeting at 13:30 UK time.

The Euro jumped to its strongest position against the Dollar since May 2016 yesterday, soaring towards the 1.16 level.

Sterling slumped by over half a percent back towards the 1.30 level against the US Dollar this morning from its strongest position since September 2016.

Last week's mix of macroeconomic and monetary policy news resulted in the US Dollar selling-off against almost every major currency.

We’re pleased to be ranked among the most accurate currency forecasters in Bloomberg FX forecast accuracy rankings for the second quarter of 2017.

The Euro continued trending downwards against almost all G10 currencies. Upwards surprises in job market data continued to boost for Sterling.

Euro fell against almost all G10 currencies yesterday, meanwhile Sterling got some support from unemployment, weekly earnings and job creation data.

Volatility increased as investors turn away from the Dollar, BoE committee members disappointed during their speeches yesterday.