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On the tide of conflict

On the tide of conflict

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%


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