The Pound has weakened after Prime Minister Johnson mentioned that a no-deal Brexit is still the most likely outcome unless the EU changes its stance on issues such as fisheries. European Commission President von der Leyen welcomed the progress made on many other issues but admitted ‘big differences’ still remain. Better than expected UK retail sales released this morning has been largely ignored with the market focusing on Brexit trade talks.

Germany has reported 33,777 new coronavirus cases today despite the country going into lockdown at the start of November. The Euro remains strong because of the additional monetary stimulus provided by the ECB recently, but could be subject to volatility depending on whether Europe’s largest economy can bring down virus cases and deaths whilst in a hard lockdown.

US Senate leader McConnell has said that negotiations over the much-anticipated coronavirus fiscal relief package are still ongoing with talks due to carry into the weekend. The Dollar remains weak as foreign investors are reportedly moving into emerging markets at its quickest pace since 2013 – showing a lack of demand for the greenback’s safe-haven status.