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Sterling edged higher as Theresa May’s Conservative Party had at last struck a deal to form a minority government with the DUP.

The major currencies were mostly range bound last week as investors await an important set of inflation data out of the US and Eurozone in the coming days.

Euro depreciated slightly during the London trading yesterday. Investors are going to have all eyes on Eurozone PMI indices, which will be released today.

Sterling climbed yesterday on hawkish comments from MPC’s Haldane. The Bank of England Chief Economist took markets by surprise.

According to mark Carney, the Governor of the Bank of England, now is not the time to raise rates.The dovish statement sent Sterling immediately lower.

Just a short time after the volatile General Elections, the UK starts the official Brexit negotiations in Brussel as Davis meets his counterpart Barnier.

The major currencies ended the week within 0.5% of where they started it with respect to each other. The top performers were commodity currencies.

The Dollar continued to rally yesterday, as London traders digested the upbeat outlook from the Federal Reserve on Wednesday.

Ater London close, the Federal Reserve raised overnight rates to 1.25% as universally expected and it sounded an optimistic tone on the US economy.

The Federal Reserve is overwhelmingly expected to hike interest rates for the fourth time since the financial crisis this evening.