Although the fundamentals were only in line with the forecasts, this did not prevent the British Pound from outperforming all its major peers, also against the background of the BoE tilting more towards the dovish side.
Thursday market session was another bullish one for energy prices. Crude and Brent oil climbed by around 2-3% throughout the day, following speculations that Russia and OPEC countries may join forces in order to curb production and push prices to the upside.
The Bank of Japan made an unprecedented decision to introduce a negative interest rate on bank deposits. To support a sluggish economy and raise inflation expectations, the BOJ curbed the deposit rate to -10 basis points from 0.1% earlier.
US Dollar was mixed on Wednesday, although this is relatively good performance, considering that yesterday's FOMC comments were bearish.
The British Pound was among the weakest currencies yesterday, winning 0.23% only against the New Zealand Dollar, which came under strong selling pressure due to an increasing possibility of further rate cuts.
Commodity prices continued to benefit from growing risk appetite on Wednesday. Continuous speculations about the possibility of Russian-OPEC cooperation to cut oil production were positively reflected in oil prices.
Decision of the Reserve Bank of New Zealand was the main trigger for Kiwi's drop on Wednesday, as this currency lost 1.3% versus the Euro.
Despite a strong reading of the US CB Consumer Confidence on Tuesday, the Greenback failed to post gains against most major peers, only outperforming the Swiss Franc and somewhat the Japanese Yen.
BoE's Governor Mark Carney's statement on Tuesday reassured investors' outlook towards the UK economy, causing a buying spree of the British currency.
Commodities used to grow in price on Tuesday, as political news provided some positive ground for gains. Brent and Crude oil surged by 3.7-4.3%, as several oil-producing countries announced they are ready to work together, in order to effectively cut production and find equilibrium between supply and demand.
The Euro traded in a mixed environment on Tuesday, by growing against major safe haven currencies and depreciating versus commodity currencies and the British Pound.
The Greenback experienced mixed performance on Monday, appreciating mostly against commodity currencies, while suffering losses against some safe-havens.
Since there were no clear catalysts on Monday, the Sterling experienced mixed performance over the day.
Markets are questioning ability of the Federal Reserve to raise interest rates four times in 2016, as policymakers had indicated they were planning to do it earlier in December.
Statistical data from Germany was rather disappointing on Monday, as the IFO business climate indicator slumped to the lowest level since February 2015. Despite that, the Euro was resilient to all fundamental shocks and benefited from a renewed decline in equity and commodity markets.
The US Dollar managed to appreciate against most major peers on Friday and over the weekend, due to a better-than-expected result of the US Existing Home Sales.
Amid a strong reading of the UK Public Sector Net Borrowing, the British currency appreciated against most major peers on Friday and over the weekend.
Oil prices posted an unbelievable climb on Friday, by rallying the most in many months on the back of anticipated support from central banks.
European fundamentals disappointed on Friday, as composite Euro zone's PMI indicator declined more than expected in January and both France and Germany posted worse-than-estimated data.
The US Dollar's performance was almost identical to the Sterling's, as the currency appreciated against most major peers, but sustained rather heavy losses against the commodity currencies.
The British currency appreciated against most major peers on Thursday, with exception against the commodity-based currencies.
Central bankers took the centre stage on Thursday and predominantly drove the commodity market alone. ECB President Mario Draghi generated high daily returns for oil, equities and commodity-linked currencies yesterday, while the gains are prolonged through Friday as well.
A rebound in oil prices that had occurred earlier during the trading session on Thursday was perfectly reflected in the development of commodity-linked currencies.
The US Dollar weakened against most major peers on Wednesday, amid a weaker raeding of US CPI and Core CPI data.