Market Comment - 21st December 2021

Posted by Stuart PritchardDecember 21, 2021

Good morning,

So here we are. The shortest day of the year. And based on the lack of scheduled news out today, this could be a short market comment.

However what is interesting is the slight recovery in the Pound overnight. It looks as though the Covid news has now been priced in and a sense of normality has returned. At the moment the huge number of new cases isn't being correlated with hospitalisations and deaths although this may change as the lag between cases and the next steps unfolds. What is very encouraging is the UK's booster program which hit almost 850,000 in one day yesterday.

For now the Pound is gaining versus the Dollar, the Euro, and the Canadian Dollar. However that can all turn on a sixpence with any further Covid updates.

Tomorrow breakfast time sees the release of the UK's GDP data so that may have an effect early on.

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: Wednesday 08:00 GDP data

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