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.
A strong reading of UK Claimant Count Change and the UK Unemployment Rate caused the Sterling to outperform most of other major peers.
It seems that volatility in global markets is going to persist for some period of time. Yesterday equities undertook a setback from some stabilisation that has taken place earlier this week.
Wednesday was bearish for the 19-nation currency, as no green candles were sometimes seen throughout several sessions in Asia, Europe and US. Equities across the globe were sent continuously to the downside, but the safe-haven Euro failed to attract market attention, as investment into the Yen soared.
On Tuesday the US currency experienced mixed performance, having appreciated against some major peers, but also declined against the others.
The British Pound weakened against most major currencies on Tuesday, as BoE's Carney stated that there is no need to raise rates in the near future.
Two major types of oil and two main precious metals moved in different directions on Tuesday, which is usually a rare event for the commodity market.
The Euro competed with the British Pound to become Tuesday's most positive performer. However, the 19-nation currency registered stronger gains throughout all sessions and surged by 0.75% versus the Sterling.
On Monday the US Dollar managed to appreciate against most major peers, only failing to edge higher versus the Aussie.
The British currency managed to rebound against most major peers on Monday, with exception against the Aussie and the US Dollar.
Commodities hovered in green on Monday and particular gains were in place for energy components. Natural gas surged by 2.5%, while oil prices recovered moderately with daily increases of 0.8-2% depending on the type of the crude.
Monday was a calm day for the FX market, as hardly any components were moving strongly in either direction against the Euro.
Despite a weak reading of the US Core Retail Sales, the Greenback managed to post solid gains against some major peers on Friday and over the weekend.
On Friday and over the weekend the Sterling declined against most major peers, with exception against the Aussie and the Loonie.
Oil prices crashed by around 6% on Friday of the week ended January 15. Worries over Chinese economic growth and oversupply are currently the main anchors for prices of energy.
Another selloff that drove worldwide equity markets down was immensely positive for the common European currency on Friday of the last week.
The Greenback appreciated against most major peers, with exception against the Aussie, the Swissie and the Sterling.
The British Pound appreciated against both commodity currencies and most major peers, with exception against the Aussie and the Swissie.
In spite of rising oil prices on Thursday, this energy component is set to book a weekly loss due to sharp downward price changes earlier during the January 11-15 time period.
One of the most important data releases took place in Britain on Thursday, where the Bank of England made several monetary policy decisions.
The US Dollar's performance on Wednesday was rather formidable, as it appreciated against most major peers, with exception versus the Euro.