8 January 2021 - Better preparation means effect of lockdown to be less severe

"The Prime Minister, speaking at the Coronavirus press briefing yesterday, provided a bullish update on the progress of the Government’s vaccination programme concluding that things will look very different by the Spring. The plan to vaccinate all four of the most vulnerable groups is being supported by the army’s logistics division and Johnson explained that the only limit to the rapid deployment of the vaccine is supply. A report issued yesterday by a major European Bank concluded that the country’s GDP will take a less significant hit from the latest lockdown as business knows what to expect, has been able to prepare and the Government’s furlough scheme is well established. The financial markets have no clear trend as we enter the second week of the New Year. With Brexit now complete, there has been some encouraging news from the Bank of England. Its Director for Financial Markets commented yesterday that, so far, the transition has been exceptionally smooth, and the UK intends to continue to provide robust regulatory standards on a par with the EU. " Beyond Currency Market Commentary: Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.

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