The Pound has struggled to make any meaningful gains in the last 24 hours as the focus remains on trade issues and riots in Northern Ireland. The EU are yet to ratify the Northern Ireland protocol with the deadline of the end of April approaching.

German IFO business climate data came out worse than expected yesterday at 96.8 compared to 97.8 that was forecast which put the Euro on the backfoot. ECB member Panetta has said that the central bank should avoid withdrawing economic support until inflation is back at the 2% level.

The Dollar saw some more demand for its safe-haven status as emerging market economies struggle with the coronavirus and with President Biden expected to raise capital gains tax. Tomorrow, the Federal Reserve is expected to keep interest rates on hold but any comments to do with tapering its monetary policy will be closely watched.