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The single currency rose to its highest level since November ahead of this weekend’s French Presidential Election run-off vote.

The US Dollar rose against its major peers on Wednesday evening after the Federal Reserve claimed that the moderate slowdown in the US economy is temporary.

The latest manufacturing PMI out of the UK was considerably higher than expected, suggesting that Britain’s economy may be set to pick up pace.

The Pound rose to its highest level since September last week with markets increasingly bullish towards Sterling ahead of June’s election.

Mario Draghi’s fairly optimistic assessment of the Eurozone economy failed to inspire the Euro yesterday, which ended lower against most of its major peers.

The European Central Bank will be meeting in Frankfurt today, with investors overwhelmingly expecting policy to be kept unchanged.

The Euro continued to surge upwards on Tuesday following on from the French Presidential Election, while the Yen fell sharply on renewed risk appetite.

The Euro traded around a six month high on Monday following the news that Macron and Le Pen had come out on top during the French Presidential Election.

The scenario that we had pencilled in as the most likely, a runoff between centrist Macron and far-right Le Pen, has indeed come to pass.

France will go to the polls for its Presidential Election on Sunday, in what could present a significant event risk for the currency markets.