Political uncertainty in the US and global geopolitical risks continue to dominate the headlines at the end of the week and investors are somewhat confused from the diverging news. President Trump's inability to implement his plan of reforms came under doubt once more yesterday when rumors that his Chief Economic Advisor Gary Cohn planned to resign hit the wires. The rumor was later denied but the Dollar took a turn for the worse after the news and the stock markets pushed lower.

The British Pound will dominate headlines this morning in light of the employment data report pending for release and interest will be high as the currency has been under pressure over the past 48 hours. The Pound had been trading with a heavy bias last week as geopolitical tensions rose in the Pacific but was also able to remain above the key 1.2950 support.