GBP: The British Pound broke its three-day losing streak in early Asian trading this morning. However, with no major UK economic data scheduled this week, Sterling is likely to be influenced by global market trends. Investors are increasingly confident that the Bank of England’s approach to easing policy will be gradual throughout the rest of the year, which could provide support for the Pound.

EUR: The Euro weakened slightly across the board last week after the release of August’s Eurozone consumer inflation data indicated a slowdown. Eurozone CPI was 2.2% in August, down from 2.6% in July. With the European Central Bank beginning to cut interest rates in June, a significant drop in inflation might lead policymakers to consider another cut in September.

USD: The U.S. Dollar inched up on Friday, ending a five-week losing streak, after GDP data revealed the U.S. economy grew more than initially expected in the second quarter. However, the Dollar still saw a decline of around 2.5% in August, as investors anticipate the Federal Reserve beginning a rate-cutting cycle in September.