The pound remains at strong levels against the euro and the dollar as markets await several data releases.
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In the UK business world, the service sector was hit hard by the Omicron variant in December as PMI figures fell to a 10-month low. House prices have also seen record growth, reaching their highest levels since 2007.
In the eurozone, markets were surprised by surging German inflation figures. The December figures were the highest in nearly 30 years. All eyes will now be on inflation figures for the whole eurozone which are due to be released later this morning.
The dollar saw some headwind yesterday as markets displayed anxiety over the upcoming US interest rate decision. PMI figures and initial jobless claims also failed to impress. Today, non-farm payrolls for December will be released.
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