Today at 5:30 the UK PM will be announcing a "Plan B" covid plan for the coming weeks after the emergence of the new Omnicron variant. Depending on the plan it's possible for Sterling and UK stocks to plummet if the news is bearish. The RSI indicators on the 4hr chart have just started to edge down from its overbought regions (85) indicating that there is room to go down. If we look to Europe and the economic impact that covid has had it's likely for the same to happen to the FTSE100.