Reply To: Traders Market Weekly: Hello There 2022

#32110
ThePitBoss
Participant

British pound hits 8-week high

UK Prime Minister Boris Johnson: We do not need to shut down our country again.

Leaders around the world are weighing whether their healthcare systems can handle the strain of omicron and acting accordingly.

The pound hasn’t traded off of omicron but it’s now at an 8-week high. At this point, there’s probably an advantage to high infections as it makes the country more resilient going forward with the combination of good vaccine uptake and high post-infection immunity. There’s also something to be said for more-engaging attitudes of consumers who have been previously infected with mild cases.