The Pound has continued to remain subdued as the UK and EU have agreed to extend talks regarding the Northern Ireland protocol. However, the EU have suggested that if Prime Minister Johnson does not abide by post-Brexit trade obligations then tariffs on British goods could be introduced.

German consumer climate data released this morning came out worse than expected at -8.8 instead of -4.1 that was forecast. As a result, the Euro has started the day on the back foot against the Dollar. ECB President Lagarde is speaking at 3:00pm which will be closely watched.

The Dollar remains supported by its safe-haven status. US consumer confidence figures beat the markets expectations yesterday. All eyes will be on the Federal Reserve interest rate announcement and press conference this evening.