The euro-dollar exchange rate shifted lower as traders bid their time on Tuesday ahead of the European Central Bank’s post-summer meeting at the end of the week, while resumed warnings from London of a no-deal Brexit held sterling on the slide. 

The euro jumped roughly $1.18, however the pound was at two-week low of $1.3125 and the yuan backtracked as well after US president Donald Trump notified about “decoupling” the US and Chinese economies.

Britain proceeded into Tuesday’s new round of Brexit trade negotiations with a warning to the European Union that it was building up preparations to leave without an agreement at the end of the year.