The pound is slightly stronger against the euro and the dollar this morning after falling at the beginning of this week due to Omicron fears.
Sterling may have benefitted from the Prime Minister ruling out any restrictions before Christmas, as well as cutting the self-isolation period from 10 days to 7 days. Chancellor Rishi Sunak also unveiled £1 billion worth of relief for businesses. Hospitality businesses and other firms can apply for grants to help them through this uncertain time.
GDP figures for the third quarter of this year came in this morning, showing that the economy expanded 1.1% on quarter in the three months to September of 2021, below initial estimates of a 1.3% increase due to supply chain challenges. Year-on-year, the economy expanded by 6.8%.
