Brexit resignations lead to trouble for May and the investors. The pound dived after Cabinet ministers quit in protest at the Prime Minister Theresa May’s draft Brexit deal.

Oil supply cut to be discussed next month among OPEC and partner producers in an attempt to support the oil market. Brent prices rose on Wednesday, recovering from the previous session’s slide.

Sterling is on fire as it extended gains on Tuesday. Hopes renewed among traders after the British cabinet office minister said a Brexit agreement was possible in the next days.

The dollar climbed on Monday against a basket of major traded currencies as global growth worries weighed. Investors hunted the liquid and high-yielding asset against rising political risk in Italy and Britain too.

A hawkish FED held interest rates steady. The greenback climbed to a 16-month peak after falling broadly after the US midterm elections.