The British currency appreciated against most major peers on Monday, with the only exception against the Yen.
Futures for natural gas spiked the most among main commodities on Monday, by rallying about 2.15% over the past 24 hours.
Commodity currencies were clear losers on the first day of this week amid tanking oil prices. New Zealand, Canadian and Australian dollars took the whole pedestal of TOP-3 sharpest-declining components against the Euro.
Even though the US NFP data surprised to the upside last Friday, the US currency was unable to post gains against all other major currencies.
Poor UK Manufacturing PMI on Friday caused the Sterling to weaken across the board even over the weekend.
All but one commodity were down in price on the first day of April, as only corn appreciated by about seven tenths of one percent. General direction of the market is clearly reflected in the benchmark S&P GSCI Index, which was pushed down by 2.17% over 24 hours through Friday evening.
The British currency took the strongest bearish hit to its value on Friday, after the US Labor Department released its monthly employment and wage figures.
The Greenback managed to outperform most major peers on Thursday, while sustaining losses only against the Swissie and the Euro.
Weak UK Current Account and Net Lending to Individuals data caused the British Pound to suffer losses against some major peers, but Final GDP figures triggered a rally in the Sterling against commodity currencies.
Commodities have been clearly divided into the gainers and losers on Thursday. Among the latter, natural gas fell for the first time in several working days and capped the winning streak that took place due to colder US weather forecasts.
The Euro got off on the right foot on Thursday, because this currency posted gains against all of its main counterparts across the FX market.
The US Dollar remained weak after Yellen's dovish statement and, as a result, declined against most major peers on Wednesday.
Momentum has changed for the British Pound, as it suffered losses against all other major currencies on Wednesday.
Natural gas prolonged its gaining streak to three consecutive days, as yesterday it managed to add 0.76% to its value.
Market session in the Euro area was quiet on Wednesday, with only Germany's inflation data released throughout the morning.
The US currency weakened against all other major peers, amid the Fed Chair's dovish speech on Tuesday.
The Sterling remained mostly unchanged against other major currencies, with exception against the US Dollar and the New Zealand Dollar.
Notwithstanding quite depressed US Dollar in the wake of dovish remarks made by the Fed Chair Janet Yellen yesterday, oil prices failed to sustain their price increases and finished the second trading session of this week with a dip of 2.8%.
Chair of the US Federal Reserve created the vast part of volatility on Tuesday, as she told the Economic Club of New York that the regulator should maintain a cautious stance in terms of adjusting monetary policy and raising interest rates.
The Pound's performance at the beginning of the week was more than good, as it managed to outperform all other major currencies.
The US Dollar suffered losses against most major peers on Monday, mainly due to a poor reading of Personal Spending and Core PCE Price Index.
Natural gas prices spiked the most among major commodities on March 28, not least due to the fact that this component was the only one to receive influential side-effect news.
Traders were somewhat disappointed by the only major data release on Monday, the first trading day of this week. US consumer spending ticked up by 0.1% in February, against an expectation of +0.2%.
Due to a better-than-expected US GDP figures on Friday, the US Dollar managed to outperform all other major currencies, retaining its strength even over the weekend.