On Friday and over the weekend the British currency outperformed most major peers.
Oil prices registered an incredible climb of more than 10% on Friday, as Brent surged by 11% and Crude was up by 12.32% on just a one-day basis.
The Euro booked mixed results against other currencies throughout the trading session on Friday.
The British currency declined against other major currencies on Thursday.
The US currency underwent another series of declines on Thursday, having appreciated only against the Sterling and the Loonie.
In percentage terms oil prices have not showed their sharpest ever decline on Thursday. At the same time, a 4.5% drop for Crude was enough to send the spot towards $26 per barrel or the lowest level since early 2003.
The Euro is trying to find a balance between other safe haven and risky currencies, meaning there are broadly different developments posted by different currency pairs.
After Yellen's testimony on Wednesday, the US currency weakened against most major peers, only managing to noticeably outperform the Loonie.
Despite rather weak UK Manufacturing Production data, the British currency suffered losses only against two other major currencies, namely the Kiwi and the Yen.
Brent oil was the best performer on February 10 and it completely diverged with its US peer Crude. The former surged by 1.72% and the latter was down by 1.75%, the second worst result across the board.
Wednesday saw the Japanese Yen skyrocketing by 1.54% at the expense on the Euro, as the most popular haven currency experiences an inflow of funds due to greater global economic, financial and central bank uncertainty.
In spite of a rather good reading of the US JOLTS Job Openings, the US currency sustained rather heavy losses, with exception against the Aussie.
The British currency mostly ignored positive fundamental data on Tuesday, as it sustained losses against most major peers.
Gold was completely flat on Tuesday, even though other commodities were severely hit by renewed worries about global economy, Fed rate increases and even worldwide recession.
US Dollar paid no attention to mainly positive domestic statistical data on Tuesday, while mostly following developments in equity and commodity markets and the world economy.
The US currency experienced mixed performance on Monday, but a rather noticeable development was seen specifically in the USD/JPY pair.
The Sterling begun the week rather poorly, as it suffered notable losses against most major peers.
Dovish central bank policy expectations, especially in case of the Federal Reserve, are putting a considerable downward pressure on the Dollar.
Monday was a bright day only for the Japanese Yen in terms of development against the Euro. EUR/JPY slid by 0.57%, as risk-aversion drove everything that was happening throughout the previous 24 hours.
Despite a decline in US NFP, the Greenback was able to outperform most major peers, with exception against the Swiss Franc.
Last Friday and over the weekend the British currency experienced mixed performance
Sliding American currency resulted in a rally for precious metals on Friday. Gold and silver booked another trading session with a positive change of more than 1%.
Friday brought us the last portion of crucial fundamentals, just among others that had already been released earlier the same week.
Both the Sterling and the US Dollar are the two worst-performing currencies for a second day in a row.