The pound took a hammering on Tuesday, falling to fresh lows against the dollar and euro on renewed fears that the UK will crash out of the European Union without a deal this autumn.
An already weak pound was further undermined mid-morning after the speaker of the House of Commons did not choose the Grieve amendment among those to be voted on later in the day, with John Bercow's decision serving to send Sterling to a two-year low.
Sterling was little changed at the start of the week, as Conservative party members began voting on 6 June to choose between Boris Johnson and Jeremy Hunt as their next leader.
Cable was knocked lower at the end of the week following the release of a stronger than expected US jobs report for June that saw some economists either trim or push back their forecasts for interest rate cuts by the Federal Reserve at its next meeting on 30-31 July.
It was a quiet day of trading in foreign exchange markets on Thursday, with many traders in the City mimicking their counterparts in the US, who were for the most part absent from their desks on account of the 4 July holiday.
Bank of Russia may cut its official interest rates again at the end of the month, perhaps even by as much as 50 basis points.
Activity in China's manufacturing sector cooled further last month, prompting some analysts to anticipate slower economic growth overall and additional monetary easing from the People's Bank of China.
Bitcoin fell by over $1,800 in price in just a 10 minute time span on Wednesday as the 39% jump in prices seen since the start of the week that sent the crypto-currency as high as $13,852 triggered finally buckled.
Bitcoin’s price reached $12,900 for the first time since January 2018 on Wednesday following a furious 14% which has left speculators chomping at the bit in hopes of a further rally up to its 2017 highs or even further.
Sterling was on the back foot at the start of the week, with all eyes on whether the front-runner to become the next Prime Minister, Boris Johnson, would participate would join a planned debate on Sky on Tuesday.
Sterling was on the back foot at the end of the week, especially against the European single currency, as European Central Bank chief Mario Draghi warned a meeting of European Union leaders that in case of a deterioration in the outlook, fiscal policy would need to become much more expansionary than currently projected in 2020.
Sterling was slightly higher on Tuesday, as voting got under way in the second round of voting to choose the next Tory leader and European Central Bank chief Mario Draghi said rate-setters in the Eurozone were not resigned to simply accepting low inflation.
Facebook announced on Tuesday that it will open a new digital wallet called Calibra to allow users to trade its new cryptocurrency Libra by 2020.
Sterling continued drifting lower at the start of the week, even as traders waited on the result of policy meetings at the Bank of England, US Federal Reserve and Bank of Japan scheduled for over the coming week.
The US Treasury Department passed on the chance of labeling China a currency manipulator on Tuesday.
The pound traded on a mixed note on Tuesday, as traders digested the results of the elections to the European Parliament at the weekend and continued hawkish rhetoric on trade out of the US and China.