The pound is trading around similar levels as yesterday against the euro and the dollar as markets await US jobs data.
Investors will be interested to see whether today’s non-farm payrolls report supports Federal Reserve Chair Jerome Powell’s view that the US economy is in a strong position and is not threatened by the new Omicron variant.
In the UK, science minister George Freeman revealed yesterday that the government will invest significantly in vaccine and coronavirus variant research. This comes after days of mounting concerns over the new variant.
Key data releases today include UK PMI figures, US non-farm payrolls and a speech by President of the European Central Bank Christine Lagarde.
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