The pound has recovered its early week losses against the euro but has weakened against the dollar, hitting a one-month low yesterday.
Sterling has been struggling against the dollar, which saw a boost after the Federal Reserve said that interest rate hikes in the US in March were likely.
A report into the parties held in Downing Street during lockdown by senior civil servant, Sue Gray, is still yet to be published, however, Prime Minister Boris Johnson has promised that it will be published “in full”.
The CBI’s distributive trades survey, which measures the health of the retail sector, revealed that retail sales between 22 December and 18 January were below what they should be for the time of year as shoppers were scared off by the Omicron threat.
