ECB president Draghi is due to speak at 12.45 GMT

That's 7 minutes and counting down folks.

I gave an earlier heads up in the daily data post so just another here for readers just tuning in.

According to the ECB website it's " a keynote speech on Financial Stability - Organised by Banco de España and Centro de Estudios Monetarios y Financieros in Madrid, Spain.

Keynote? Well let's see how key when he steps up.

Full speech will be published at the ECB website here

EURUSD currently 1.1197 testing 1.1200 again.

Draghi prepares for his appearance in Spain