The pound is still weaker this morning due to worries surrounding the Omicron variant. Following the Prime Minister’s announcement at the weekend, concern has increased and this was heightened further following an interview with Moderna’s chief executive, published yesterday.
In the interview, Moderna boss Stéphane Bancel said that existing vaccines may not be as effective against the new variant. Despite this, Pfizer and AstraZeneca developers have since come out to say that vaccinated people are likely to remain protected.
BioNTech’s founder Ugur Sahin said, “The only thing that worries me at the moment is the fact that there are people that have not been vaccinated at all.”
Data released this morning shows that UK house prices accelerated in November, with prices 10% higher than a year ago.
Later today, Governor of the Bank of England, Andrew Bailey, will speak. The markets will be listening for any further comments on inflation or interest rates.
