The Pound’s mini rally against the US Dollar came to an end on Monday after manufacturing data out of the UK economy came in slightly below expectations.
The Euro slumped by almost 2% against the US Dollar last week on expectations that the ECB is unlikely to begin raising interest rates amid weak inflation.
The Euro declined to a two week low on Friday morning, with weak inflation data out of the Eurozone overriding concerns about the Trump Administration.
UK Prime Minister Theresa May will trigger Article 50 this afternoon, officially notifying the European Union of Britain’s intention to leave the bloc.
Markets traded within a fairly narrow range throughout much of last week, despite Donald Trump’s failure to push through health care reforms in the US.