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The Pound jumps as Omicron risk dismissed

It has been a very good week for the British pound, which is up 1.29%. Despite the optimism displayed by the markets, it is far from clear that Omicron is nothing more than a tempest in a teapot.

Article: marketpulse.com

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From marketpulse.com

It has been a very good week for the British pound, which is up 1.29%. So good, in fact, that this will likely mark the pound’s best week of 2021. On Thursday, GBP/USD punched above the 1.34 line for the first time in a month. The pound’s newfound strength is a result of stronger risk appetite. When Omicron first appeared on the scene several weeks ago, there were dire predictions about the damage another wave of Covid would cause to the global economy. Omicron has spread very quickly across Europe and the US, but investors remain optimistic that although Omicron is much more contagious than Delta, the symptoms … (full story)

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