The pound remains in a strong position against both the euro and the dollar this morning. News that Omicron cases are falling, and overall hospital admissions are levelling has raised hopes that Covid-related restrictions and lockdowns won’t be implemented in the near future.
Although these signs are encouraging, the number of hospital admissions vary across the UK and there are concerns that cases are falling partly due to lack of testing.
Inflation figures will be released for the US later today. The figures are expected to have risen annually and month-on-month in December, which could impact the actions of the Federal Reserve. The markets will be watching the data closely.
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