5/20/2021 11:36:10 AM GMT | By FXStreet Insights Team
GBP/USD is hovering above 1.41 as the pair tries to recover from the Fed s subtle hint of tapering bond buys. However, virus variants risk the UK s reopening and weigh on sterling, Yohay Elam, an Analyst at FXStreet, reports.
Freedom Day may be less free than anticipated
“The UK may dilute plans to relax COVID-19 rules on June 21 due to worries about the India variant. The new worries about delaying the reopening come despite reassurances that existing vaccines cope with the variant. UK Prime Minister Boris Johnson seemed calm about the matter, but Health Minister Matt Hancock s concerns may now take over. A limited reopening means less economic activity.”
5/20/2021 1:32:45 PM GMT | By FXStreet Team
GBP/USD: Virus variants concerns to hobble sterling
GBP/USD is hovering above 1.41 as the pair tries to recover from the Fed s subtle hint of tapering bond buys. However, virus variants risk the UK s reopening and weigh on sterling, Yohay Elam, an Analyst at FXStreet, reports.
“The UK may dilute plans to relax COVID-19 rules on June 21 due to worries about the India variant. The new worries about delaying the reopening come despite reassurances that existing vaccines cope with the variant. UK Prime Minister Boris Johnson seemed calm about the matter, but Health Minister Matt Hancock s concerns may now take over. A limited reopening means less economic activity.” Read more.
White House press secretary Jen Psaki left the door open to a proposal from West Virginia Sen. Shelley Moore Capito that unused Covid-19 relief funds could be used to pay for the administration’s multi-trillion dollar infrastructure proposal.
Most nursing homes had multiple Covid-19 outbreaks that lasted for weeks, analysis found
From CNN’s Deidre McPhillips
US nursing homes experienced an average of three Covid-19 outbreaks, with the longest outbreaks lasting for an average of more than nine weeks, according to a report published Wednesday by the US Government Accountability Office.
The GAO analyzed data submitted to the US Centers for Medicare and Medicaid Services and the US Centers for Disease Control and Prevention from May 2020 through January 2021 for more than 13,000 nursing homes and representing about 88% of CMS-certified nursing homes. An outbreak is defined as starting the week a nursing home reports a new case in a resident or staff member and ends when there have been no new cases in two consecutive weeks.
UK daily COVID cases highest in a month, Indian variant rising sharply thepeninsulaqatar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thepeninsulaqatar.com Daily Mail and Mail on Sunday newspapers.