The Pound has weakened due to a lack of any sort of Brexit-related news yesterday although this morning some reports have emerged suggesting that EU leaders are unlikely to find the current progress made during talks as sufficient for a deal to be agreed which has caused nervousness in the market. The number of new coronavirus cases in the UK hit 17,234 yesterday which has led Labour leader Starmer to call for a two-week national lockdown to act as a circuit-breaker.

Both Eurozone and German ZEW sentiment figures released yesterday morning disappointed the market which put the Euro on the back foot initially. Germany’s daily coronavirus case count has increased to 5,132 which is the highest since early which is keeping a lid on any major Euro gains for the time being.

The Dollar has recovered some of its recent losses due to its safe-haven status as a number of COVID vaccine trials have been halted, with the market taking a more risk-off approach. Several FOMC members will be making speeches with their comments likely to be closely watched by the market for any comments regarding the state of the economy.