Sterling’s losses have been compounded this morning against the euro, while recovering strongly against the Australian, New Zealand and Canadian dollars.
Against the US dollar the pound has now slipped to its lowest point since last December, when it was in the midst of the Brexit deal brinksmanship.
However, generally the markets appear to be taking heart with a somewhat less panicky response to Omicron that last Friday.
There are no data releases scheduled today, but tomorrow we’ll see house price data from Nationwide, which last month showed a rise of 9.9%.
