GBP gapped lower on Monday
morning early here in Asia with the news on Sunday from the UK of PM
Johnson tightening COVID-19 restrictions again for the country and
rolling out an accelerated booster shot program. This, of course, is
in response to a rapid increase in Omicron variant COVID-19
infections. GBP has retraced to cover much of the gap and has, as I
post, settled more or less sideways just a touch softer.
was a mover, it too gapped lower and retraced but has consolidated
its retrace to be higher on the session. The Bank of Japan Tankan for Q4 showed small improvement once again but sentiment is well below re-pandemic levels.
across major FX the moves are more contained, and mixed.
equities are higher for the day,
the mainland Shanghai Comp and HK’s Hang Seng both up. Oil gained
lost ground to under $49K, undercut by the Binance news (although
that really should not be much of a surprise (see bullets above).
Coming up on Monday from Canada, Bank of Canada Governor Macklem speaks: