Yesterday, the market has witnessed sharply dropped for the British Pound versus its all major counterparts, the UK's currency declined for the first time against the European currency and the greenback as the expectations predicted the manufacturing in UK will be worse than anticipations, boosted bets the Bank of England will keep the rate at a record low this week.

Moreover, the Japanese yen rose against all of their most-traded counterparts as investors sought the currencies' relative safety amid declines in equities and commodities.

The USD/JPY pair declined to record the lowest level 80.68 during Tuesday session, while the pair closed at 81.02.

On the other hand, the Australian also dropped sharply against its all major currencies, after the central bank left interest rates on hold and investors bet policy makers will extend the pause until the third quarter.

The AUD/USD pair tumbled, which ended yesterday's session at 1.0862 after recorded the lowest level at 1.0830.

The New Zealand dollar (the Kiwi) dropped against most majors after a government report showed private-sector wages grew at a slower pace than some economists forecast.

The NZD/USD pair also declined sharply, and the pair continues its downside movement for the fourth day in a row, where the pair recorded the lowest level 0.7969 during Tuesday's session, while the pair trades around 0.7931 during today's session.