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The main currency pair did not move much, hardly surprising considering the lack of any meaningful macroeconomic releases.

World markets continue to come to terms with a global regime shift in financial conditions. The immediate impact was seen in world bond yields.

The Euro edged back above the 1.14 level against the US Dollar on Thursday, with the release of the European Central Bank’s June meeting acc...

This week’s rally in the US Dollar was stopped in its tracks yesterday evening after the release of the Federal Reserve’s June meeting minut...

Right off the back of Monday’s fairly underwhelming manufacturing data the construction index was also disappointing. The index fell to 54.8 in June from 56.0, adding to early signs that momentum in the UK economy may be stalling following a very slow start to the year.

The US Dollar rebounded against its major peers on Monday, having experienced a dire few weeks that has seen the currency suffer from one of its worst quarterly performances in seven years.A rebound in US treasury yields and an encouraging manufacturing PMI helped to Dollar index claw back around half a percent during London trading.

The ECB forum for central bankers, held last week in Portugal, yielded some market-moving headlines.President Draghi mused about potential "reflationary forces" at work now that deflationary risks have all but disappeared, setting off fireworks in the Euro.

The Euro gained against the US Dollar for the third straight day on Thursday as investors continue believe the ECB will wind down of its stimulus programme.

The Pound rallied by over one percent against the Dollar on Wednesday while the Euro jumped to its strongest position since May 2016 this morning.

The single currency had a very impressive day on Tuesday, spiking by well over one percent back towards the 1.14 level against the US Dollar.