Beyond Currency

22nd February 2022 - PMI’s rise as Omicron fades


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"The Prime Minister announced in the House of Commons yesterday that from this Thursday, those who receive a positive test for Coronavirus will no longer need to self-isolate. He introduced a package entitled Learning to live with Covid. This will allow the country to return to normal.
This announcement was not received with 100% agreement. There was a lot of doubt expressed by opposition MPs. Scientists are concerned that withdrawing free Covid tests at the current time will affect the old and vulnerable, while support workers already struggling with low wages may be forced to forgo testing themselves.
The only positive note came from the business leaders group the Confederation of British Industry, which welcomed the move to allow businesses to fully recover from two years of real difficulty.
Johnson will chair a COBRA meeting this morning where the current situation in Ukraine will be discussed. With Vladimir Putin moving to recognize the sovereignty of two breakaway regions of Ukraine that are controlled by Russian-backed separatists, Putin now has a legitimate reason to advance his troops into those areas, ostensibly on a peacekeeping mission.
This is a dangerous escalation of the situation and brings armed conflict even closer.
"
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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