GBP/USD rebounds to 1.3250, with sterling resiliant to UK.

GBP/USD rebounded above 1.3250 on Monday from earlier session lows in the 1.3220s.

Sterling has been holding up well despite an increasingly alarming Omicron backdrop in the UK.

GBP is holding up comparatively well versus a broadly stronger US dollar versus its G10 peers on Monday, with GBPUSD currently trading only very slightly in the red on the session close to the 1.3250 level. GBP is the second best performing G10 currency on the day after the US dollar. The rebound from earlier session lows in the 1.3220s comes despite the UK PM and health authorities sounding the alarm about Omicron over the weekend.

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