“Local and regional restrictions to tackle the Indian Covid variant cannot be ruled out,” said the UK government, per BBC during its late Thursday news.
The piece cites doubling of the Indian variant of covid in a week with Thursday’s 1,313 cases, versus 520 up to the previous Wednesday.
“Surge testing is already taking place in 15 areas across England. This is when increased testing and enhanced contact tracing is carried out in very specific locations to prevent the spread of outbreaks,” said the BBC.
The news also quotes UK Health Secretary Matt Hancock as saying, “We are monitoring the situation very carefully and will not hesitate to take further action if necessary.”
In a separate report, the UK Telegraph mentioned Britain scaling back the covid passport plans amid ministers’ questions on the health benefits it will offer.
Following the downbeat news, GBP/USD fades recovery moves around mid-1.4000s while searching for fresh clues amid a light calendar and thin feeds in Friday’s early Asian session.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.