After weakening on Monday and Tuesday this week due to Omicron fears, the pound is stronger this morning.

Yesterday, Chancellor Rishi Sunak announced a £1 billion fund for businesses who are struggling amidst the surge in Omicron cases. He also unveiled an extra £30 million to help theatres and museums.

However, whilst the measures have been welcomed by some, many businesses have criticised the government for not offering enough support and for a lack of clarity over further pandemic restrictions.

The government has also announced this morning that the self-isolation period for those infected with Covid is being reduced from 10 days to 7 days, if lateral flow tests are taken in the last two days.

Make sure any upcoming transactions are protected against the risks of sudden market movements. Secure a fixed exchange rate now with a forward contract; call your Personal Trader on 020 7898 0541 to get started.

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