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Unsurprisingly, the IMF cited uncertainty over Britain’s impending exit from the European Union. The UK economy is now projected to grow 1.7% this year.

The Malaysian Ringgit has stabilised in line with our expectations since the turn of the year. Access our next round of forecasts up until the end of 2017!

The Brazilian Real (BRL) sold-off heavily in 2015, resulting in one of the sharpest depreciations of any emerging market currency. We've been recognised as one of the most accurate BRL forecasters in Q2 2016 by Bloomberg.

Access the latest THB insight from our analysts, including full forecasts up until the end of 2017.

With the Turkish government reported to have regained control of the country and its economy following last Friday’s failed coup, emerging market currencies around the world rallied. The safe-haven Japanese Yen and Swiss Franc both fell against the US Dollar.

The Turkish Lira experienced its sharpest sell-off since the 2008 crisis, with other emerging market currencies also experiencing losses. However, the coup's failure appears to have improved sentiment slightly.

Sterling rose sharply across the board on Thursday following the surprise announcement that only one member of the Bank of England’s monetary policy committee voted in favour of cutting interest rates.

The Bank of England will be announcing its interest rate decision and releasing the minutes from its two day monetary policy meeting. Financial markets are now pricing in the first interest rate cut in the UK since March 2009

Sterling continued to rally sharply on Tuesday, extending its two day gain to almost 3% against the US Dollar as investors breathed a sigh of relief following the announcement that Theresa May would be taking over as Britain’s PM.

Sterling and UK stocks both rose after it was announced Theresa May is set to become Prime Minister tomorrow afternoon.