UK economy suffers small Omicron hit before inflation challenge
- #Oil futures ended higher, pushing to another round of seven-year highs after the White House warned that a Russian invasion of Ukraine was potentially imminent.
- Britain suffered a smaller economic hit than feared in December as COVID-19 cases mounted, capping a historic two-year collapse, and rebound for the world's fifth-biggest economy
- The dollar index, a gauge of the greenback's value against six major currencies, jumped 0.5% as currency markets accounted for the macro inflation outlook and started to position into commodity currencies
- #USDJPY dropped 0.5%
- #XAUUSD exploded 1.7%
- #WTIUSD exploded 4.4%