A
halo of bright, somewhat colourful sky, forming a circle about with an
angular radius of about 22½º degrees around the
sun or
moon.
It is caused by refraction through randomly-oriented ice crystals. A cirrostratus very often gives rise to this; sometimes scattered cirrus clouds do the same. Either way, it is often a sign of low pressure approaching, creating ice-crystal clouds as it does so. Expect rain and wind and cold within the next day or two. Just don't be too surprised if they don't turn up.
To more aerial spectra...