Although the Pound is performing well due to the vaccine rollout across the UK, any major gains have been limited by concerns about the Northern Irish border. Prime Minister Johnson has been talking about ‘further steps’ in order to mitigate the effects these issues an has threatened to tear up the Northern Ireland Protocol.

The ECB are likely to keep interest rates on hold for the time being. However, the market will pay close attention to see if the central bank amend its inflation and economic growth outlook across the Eurozone. The Euro remains stagnant in the run up to this.

The Dollar remains weak due to a lack of demand for its safe-haven status as around 40% of the US population have now had their first vaccine dose. US unemployment claims data due at 1:30pm will be the main focus for the Dollar today.