|

Coronavirus update: UK virus strain found in California, second-stage vaccinations to be delayed in Britain

Early Thursday morning in Asia, The Guardian came out with the news suggesting the British medical officers’ push for first-doses of the coronavirus (COVID-19) considering a surge in the death doll. The same pushed back the second jab by up to 12 weeks, per the news.

Elsewhere, NBC quotes California Governor Gavin Newsom while citing the second US case of the covid variant found in the UK.

As per the latest covid updates, Britain has over 50,000 cases to tease the record high marked earlier in the week whereas the US Centers for Disease Control and Prevention (CDC) reports Total novel coronavirus cases of 19,432,125 as of December 30 versus 19,232,843 the previous day. The report also mentioned the death toll as 337,419 against 334,029 during the stated period.

FX implications

Considering the market’s attention towards the US covid aid package and the UK’s approval of Oxford-AtraZeneca backed vaccine, the news failed to heavy the sentiment despite stopping the bulls from further dominance. That said, Wall Street benchmarks flashed mild gains at the close of Wednesday’s trading while AUD/USD remains positive near a 32-month high by press time.

Read: AUD/USD: Bulls eye 0.7700 ahead of China PMI

Author

Anil Panchal

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

More from Anil Panchal
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

EUR/USD moves sideways below 1.1800 on Christmas Eve

EUR/USD struggles to find direction and trades in a narrow channel below 1.1800 after posting gains for two consecutive days. Bond and stock markets in the US will open at the usual time and close early on Christmas Eve, allowing the trading action to remain subdued. 

GBP/USD keeps range around 1.3500 amid quiet markets

GBP/USD keeps its range trade intact at around 1.3500 on Wednesday. The Pound Sterling holds the upper hand over the US Dollar amid pre-Christmas light trading as traders move to the sidelines heading into the holiday season. 

Gold retreats from record highs, trades below $4,500

Gold retreats after setting a new record-high above $4,520 earlier in the day and trades in a tight range below $4,500 as trading volumes thin out ahead of the Christmas break. The US Dollar selling bias remains unabated on the back of dovish Fed expectations, which continues to act as a tailwind for the bullion amid persistent geopolitical risks.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.