Sterling jumped to a one-week high after Britain-EU draft Brexit Agreement setting out their post-Brexit ties awaiting EU summit approval.

Italy budget was rejected by the EU for failing to comply with euro zone rules. However, the euro strengthened on Wednesday on hopes for a compromise in the row over Italy’s budget.

There was a sharp drop in oil prices on Tuesday after a four-day winning streak of gains. Concerns about rising global supplies as OPEC weighs production cuts supported the fall of the prices.

The dollar’s further weakness on Monday follows its biggest weekly drop since late September following dovish comments by U.S. policymakers last week.

The pound struggles to recoup some losses. The British currency rallied as much as nearly 0.5% on Friday. The pound dived on Thursday after Cabinet ministers quit in protest at May’s draft Brexit deal.