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A surprisingly resilient set of GDP numbers alleviated concerns that the UK economy could be set for a sharp slowdown in the second half of the year.

Sterling declined sharply on Tuesday, slumping by more than 1% against the Dollar, before rallying slightly on Carney's comments at the House of Commons.

Growing expectation of an interest rate hike and the increased likelihood of a Hillary Clinton Election victory is providing good support for the US Dollar.

The Brazilian Real, Mexican Peso and South African Rand all rose between 1-3% against major G10 currencies. We expect these currencies to outperform the Euro and Sterling.

The common currency was driven 0.5% lower by some fairly dovish comments from ECB President Mario Draghi at yesterday's press conference.

Attention in the currency market today will undoubtedly be on this afternoon’s European Central Bank (ECB) meeting, with the monetary policy decision.

MPs will ‘very likely’ be able to vote on Britain's final EU exit agreement, lessening the risk of a ‘hard’ Brexit and causing Sterling to rally over 1%.

While the ECB is expected to keep its policy unchanged, we could get a hint of an extension to the central bank’s quantitative easing programme.

In the absence of major data, markets focused on the FOMC minutes that seemed to all but guarantee a December interest rate hike.

We're proud to have placed highly in Bloomberg’s FX forecast accuracy rankings for Q3 2016, securing the top spot for key emerging market currencies and overall 1st for Asia.