The pound is weaker this morning as concerns about a new Covid-19 variant, first identified in South Africa, mount.
This variant appears to have more mutations than previous versions, raising questions over the effectiveness of the current vaccines. As such, markets are adopting a more ‘risk off’ sentiment.
The euro has strengthened after the release of the European Central Bank’s October monetary policy meeting minutes. The general view of members was that inflationary pressures will ease off.
In the US, markets open back up after Thanksgiving.
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