• UK’s NHS: Number of COVID-19 cases in hospital seems to be rising

Market news

20 October 2021

UK’s NHS: Number of COVID-19 cases in hospital seems to be rising

The United Kingdom National Health Service (NHS) Chief Executive Officer Matthew Taylor warned Wednesday, the number of COVID-19 cases in the hospital seems to be rising.

Additional takeaways

“Intense pressure on health service is only going to get worse into winter.”

“Health service is right on the edge.”

“If pushed further, we will not be able to provide the level of service people need.”

Separately, UK Business Secretary Kwasi Kwarteng ruled out another winter lockdown.

Kwarteng said: "I would rule that out. Conversations about more restrictions on travel, more lockdowns are completely unhelpful."

Market reaction

Amidst weaker UK CPI inflation and covid resurgence, GBP/USD is falling back below 1.3800.

The spot was last seen trading at 1.3784, down 0.09% on a daily basis.

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