Sterling ends the year on a spectacular high, only around 0.1% off its highest rate for the whole of 2021 and fractionally off its highest rate since the Brexit referendum vote more than five years ago.
The UK’s Covid-19 cases hit 183,000 yesterday (and no doubt many more had more tests been available), but hospitalisations and fatally rates are only now starting to rise above the average for autumn. This is also a global phenomenon, with US cases rising by 465,000 yesterday.
In the US, more than 1,300 flights were cancelled on Tuesday and 900 yesterday as airlines struggled with staff shortages.
Also in the news today, a report from Aviva that found one in for of us plan to retire at 60, in order to enjoy retirement while fit and healthy.
In the business news, there is a positive outlook for the City of London, which in 2021 raised more equity capital for newly listed businesses that at any time since 2007, making it “by a significant margin the number one exchange in Europe”, according to a London Stock Exchange spokesperson.
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