The Pound is looking weak against the Dollar and the Euro as we exit the weekend. The UK government isn't ruling out further restrictions due to Omicron which looks to be having a negative effect on the Sterling rate. There's a substantial rise in positive tests and more European countries are limiting travel from the UK. We will be keeping a close eye on this through the day.
For anyone moving Dollars or Euros to Sterling, today could be a good option as the rate travels towards the lower end of the range.
Other than that it's a quiet day today for scheduled news so it will be all about global news stories that moves the market.
As ever we look forward to keeping you in the loop and look out for our next update.
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Today’s Economic Calendar
UK: Tuesday 07:00 Public Sector Net Borrowing
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