Sterling was the only major currency that failed to participate in this week’s risk rally so far. And indeed, the pound has weakened quite noticeably against dollar, euro and swissy.

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Daily Report: Sterling Lower ahead of BoE Minutes, Yen Steady

When the Euro and Pound rallied, both the USD and JPY slid.

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Assessing Japanese Yen And Prospect Of Weakness

The week started in Europe with manufacturing data presented by the Euro-Zone and UK, which have been expanding since the start of this year, due to the weakening of both the Euro and the Pound, accordingly, boosting exports in the continent.

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The Manufacturing Sector In Euro-Zone And UK Improves Beyond Expectations