The The UK reported a record number of Covid-19 infections on Wednesday of 78,610, a jump of almost 20,000 from Tuesday’s 59,600 figure.. This has been the highest daily count since the onset of the pandemic, although it is worth noting that testing is more widespread in the UK than at any previous time, and far more accessible than in most other developed countries. .
Particular attention needs to be paid to UK covid-19 infection rates at this time, with the government warning that Ómicron is spreading at a rapid pace in the country and in the wake of the recent imposition of new restrictions. Health officials have warned that Ómicron’s doubling time could now be under two days and it is speculated that the UK government could tighten restrictions further in the coming weeks in a bid to prevent hospitals from being overwhelmed. in the new year.
Infection rates will continue to rise, with the Omicron variant being up to four times more transmissible than the Delta variant, according to a study published by Japanese scientists last week. The most important thing to look at will be the degree to which an increase in infections translates into an increase in hospitalizations (and, unfortunately, also in mortality).
Market reaction
The pound has fallen to new lows of the day at 1.3206 after hearing the news. Previously, the pair had already lost more than 70 pips from the eight-day high reached at the European open at 1.3282. At the time of writing, the GBP/USD it regains some ground and is trading at 1.3226, very close to its opening price.
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