Free Trial

GBP/USD Rallies Into Close as Boosters Seen Countering Omicron

GBP
  • GBP trading well alongside the London close, with GBP/USD rallying to touch 1.3271 on both USD weakness as well as receiving a boost from those vaccine booster headlines.
  • The UK's Health Security Agency reports that booster jabs from Pfizer or AstraZeneca give protection of 70-75% against mild disease from the omicron variant of COVID.
  • GBP/USD now through the 1.3261 Wednesday highs and nearing the next upside level at 1.3289. Pair now trades over a point higher off the week's (and YTD) lows.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.