The pound saw big gains yesterday, reaching its strongest level against the euro in four weeks.
This surge followed news that the Omicron variant appears to cause milder illness than the Delta variant and is less likely to cause hospitalisations.
In other news, the energy industry has made a desperate call to the government to intervene in the growing energy crisis. Trade body Energy UK has warned that unless the government acts soon, consumer energy bills could rise by 50% next year.
Yesterday, the US saw the sharpest rise in inflation in nearly 40 years, however, personal spending softened.
Lastly, all of us at Smart Currency would like to wish you a very merry Christmas.
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