GBP/USD leans bearish towards 1.3050 and then 1.2920
At the time of writing, GBP/USD is idling 1.32 the figure after being in a range of between 1.3205 and 1.3216. There is a tendency to the downside on the charts following the drop at the start of the week due to heightened concerns over the spread of Omicron. Cable fell around 60 pips since the start of this week.
GBP/USD slips, as UK report first Omicron death, US Indices lower ahead of Fed meeting [Video]
In the United Kingdom, Prime Minister Boris Johnson addressed the nation, confirming that there has been an Omicron related death. Speaking on Monday, Johnson stated that, “Sadly yes, omicron is producing hospitalizations and sadly at least one patient has been confirmed to have died with omicron”.