After recovering slightly yesterday, the pound has weakened against the euro this morning despite an improved market mood.
A report from the WHO released today reveals that vaccines should work against the Omicron variant. Although the vaccine is less effective against Omicron, lab tests suggest that it still provides some protection.
More data on the effectiveness of the Pfizer jab against the new variant is expected to be released in the coming days.
The dollar has weakened this morning due to the positive market mood, as investors turn to riskier currencies. The markets will now be looking ahead to US inflation figures on Friday.
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.
