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Fed Chair Yellen will be speaking at a macroeconomic conference in Massachusetts at 17:00 UK time today and is expected touch on monetary policy.

Last night’s Federal Reserve meeting minutes revealed that the case for a September hike was a ‘close call’ with the next hike to come ‘relatively soon’.

Sterling tanked for the second straight day this week on Tuesday, with investors and analysts alike bracing for further weakness.

A victory for Hillary Clinton at next month’s election looks increasingly likely, with the majority of polls after the debate suggesting she came out on top.

Lack of liquidity during thin Asian morning trading, algorithmic trading and stop losses brought about a two-minute 6% "flash crash" in Sterling.

The Pound went into freefall during Asian trading, plunging as a mystery ‘flash crash’ led to the worst intraday drop in the currency since the Brexit vote.

The ISM’s non-manufacturing PMI rose above even the most optimistic forecasts, providing further incentive for the Fed to hike US interest rates.

Theresa May attempted to reassure investors yesterday, commenting that economic conditions remain strong despite sharp falls in the Pound post-Brexit vote.

Concerns surrounding Britain’s Brexit process caused Sterling to trade 1.2% lower this morning from Monday’s open. May to trigger Article 50 by March 2017.

This week we have the critical US labour report on Friday, while Presidential Election polls will be the main driver for most emerging market currencies.