On the final day of the year, sterling is trading at its highest level in 2021 against the euro and is also strong against the dollar.
The UK’s vaccination programme, hailed “heroic” by the Prime Minister, has led investors to favour the pound as countries around the world race to beat the spread of the Omicron variant. All eligible adults in England have now been offered a Covid booster jab and more than 70% have received it.
In the US, unemployment claims fell to the lowest level in 52 years last week. This indicates that the US labour market is well on the way to recovery following pandemic-related unemployment.
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