Signs that UK Inflation peak is close
Signs that UK Inflation peak is close
Investors quietly returned from a long weekend, with a pitch of optimism amid reports suggesting that the Omicron variant is much less serious and less likely to end with hospitalizations than the previously known strains, despite being highly contagious, according to reports coming from the UK and South Africa.
GBPUSD continues to extend its retracement higher with the British Pound pushing higher as UK Parliament moves closer toward preventing no-deal Brexit.
The British Pound is clinging on to its recent rebound from multi-year lows following the latest Brexit development which puts MPs in control of Parliaments agenda and reduces no-deal Brexit risk.