Cabinet Office Minister Gove has said that the public should work from home if they can although schools can remain open. Prime Minister Johnson will be addressing Parliament at 12:30pm in which he will announce further restrictions to combat the rising number of coronavirus cases. The UK and EU have agreed to meet next Monday for the next round of Brexit talks. The Pound has lost some of its recent momentum against the Euro and Dollar.

The Euro has weakened against the Dollar as ECB President Lagarde said that the economic recovery on the continent remains very uncertain and suggested that the central bank is ready to adjust all tools at their disposal when needed. Eurozone consumer confidence data is due at 3pm which may cause some short-term volatility.

FOMC member Bullard has indicated that the US economy has enough momentum to recover without further fiscal support. Federal Reserve Chairman Powell will be making a speech at 3:30pm which will be closely watched by the market for any surprise comments on monetary policy. The Dollar has seen renewed strength due to fears of a second virus wave globally.