The euro is trading around the same levels against the dollar this morning and is slightly weaker against the pound.

Consumer confidence figures were released for both Germany and the eurozone yesterday. The data showed that confidence in the eurozone fell below market expectations in December, mainly due to mounting concerns over the Omicron variant and the prospect of tighter restrictions.

Germany and Portugal are two of several nations that have announced post-Christmas restrictions. Germany is closing nightclubs from December 28 and restricting private gatherings to a maximum of 10 people.

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