The Pound has been stagnant as the market choses to wait for the investigation into the funding of Prime Minister Johnson’s apartment to conclude before deciding which way the Pound will whilst other factors such as Northern Ireland and the Scottish parliamentary elections still persist.

The Euro has made some gains after German preliminary CPI figures came out better than expected at 0.7% compared to 0.5% that was forecast. In addition, French flash GDP data released this morning also surprised the market.

The Dollar has weakened against the Euro as both US advance GDP and unemployment claims disappointed the market yesterday. Even though US Treasury bond yields have increased, this weakness has been underpinned by the Federal Reserve reiterating that they will keep interest rates on hold for the foreseeable future.