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The US Dollar slumped to its weakest position in 7 weeks on Wednesday, while Sterling briefly fell after the terrorist incident outside Parliament.

The Euro and Sterling strengthened to seven and three week highs respectively against the US Dollar during the Tuesday trading.

The Pound rose to its strongest position since the beginning of the month on Tuesday after an impressive set of inflation figures out of the UK.

The US Dollar fell across the board last week after a less hawkish than expected set of communications from the Federal Reserve.

Sterling rallied to its strongest position in two weeks after Thursday’s Bank of England, while the Dollar slumped to a five week low.

The USD slumped across the board after a slightly less hawkish than expected Fed and defeat of Geert Wilders at the Dutch Parliamentary Election.

The Fed is firmly on course to raise interest rates again this evening, while signalling its expectations for the path of future hikes this year.

The UK Parliament last night waved the way for the Prime Minister Theresa May to trigger Article 50 before her end of March deadline.

The Fed is overwhelmingly expected to hike interest rates for only the third time in a decade on Wednesday after last week’s impressive US labour report.

The Euro rose across the board on Thursday after the European Central Bank suggested that there was less urgency to ease monetary policy further.