The Pound is slightly more buoyant as the EU have voted in favour of approving the previously agreed Brexit deal. However, any gains have been limited as DUP leader Foster faces a vote of no-confidence whilst the Scottish parliamentary election on the 6th May is creating some nervousness in the market.

The Euro has gained some support against the Dollar as the EU’s vaccine rollout has picked up in pace whilst the number of new coronavirus cases has fallen. In addition, Spanish flash CPI and unemployment rate both came out better than expected this morning.

The Federal Reserve left interest rates unchanged as expected although there was no mention of winding down its bond-buying programme which in turn led to a weaker Dollar. The main focus for today will be US GDP and unemployment claims data due at 1:30pm.