The Pound Euro (GBP/EUR) exchange rate is edging higher after steep losses on Wednesday.
The Pound slumped in the previous session after Prime Minister Boris Johnson announced that some COVID measures would be re-imposed to stem the spread of Omicron. Investors have pushed back on expectations of a rate hike from the BoE, hurting demand for the pound,
The announcement came as Pfizer said that 3 doses of their COVID vaccine will neutralize Omicron. The race is on to ramp up booster vaccinations across the country.
The Euro gained in the previous session thanks to slightly hawkish comments from the ECB.
German trade data and Omicron headlines are likely to drive the pair.
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