There are reports that UK negotiator Frost has told Prime Minister Johnson to expect a trade deal to be agreed with the EU early next week although a no-deal scenario is still an option if the main sticking points are not resolved. Overall, the Pound remains at the mercy of Brexit related comments and is largely unchanged.

German Chancellor Merkel has said that the number of coronavirus cases is still high respite the partial lockdown introduced which has led some to believe that Germany is likely to introduce stricter lockdown measures from next week. The market remains cautious with regards to the Euro with the ECB likely to take monetary action next month.

The Dollar remains weak as more positive news about a potential coronavirus vaccine from Moderna and trial beginning on a Johnson & Johnson vaccine both have dented the greenback’s safe-haven status. A Reuters poll has suggested that the pandemic is a bigger economic risk than a prolonged dispute over the results of the US election.