The GBP staggered low against the dollar on Wednesday after disappointing the Covid cases increases in Britain which raised doubts about the strength of the economic recovery, while the dollar awaited the Federal Reserve’s minutes from its last policy meeting. Yields have plummeted in recent weeks as many speculators bet that rising inflation could trigger the Federal Reserve to tighten its policy, forcing them to bail out of their positions soon. However, the minutes of the central bank’s June policy meeting on Wednesday may provide new insights into its policy outlook.
“Many expect the Fed to drop the typing notes in August, saying it will be considered in September and implemented in December. But I hope the central bank can move beyond that deadline”, said Daisuke Uno, chief strategist at Sumitomo Mitsui Bank. The important thing is that the Fed has already raised its inflation forecast. “
At the same time IANS Tweets ‘latest tweet states,’ #Britain reported another 28,773 #coronavirus cases in the latest 24-hour period, the highest daily increase since late January, according to official figures released on Tuesday. Chris Witty warned today that Britain will not return to pre-epidemic levels this year despite pressure from ministers ahead of Independence Day. Admission and deaths at Govt Hospital are expected to rise in the weeks and months after July 19, when all social distance measures are to be scrapped in the UK.
Sir Alex Younger, the former head of MI6, has warned that “the threat to the UK from terrorist groups such as Al Qaeda could increase if the Allies turn to Afghanistan after the withdrawal of troops. Sir Alex, a veteran of the fight against terrorism following the September 11 attacks on the United States, predicts that the outcome for Afghanistan now could be a civil war between the resurgent Taliban and the US and UK-backed Afghan government” revealed in Sir Alex’s first televised interview.
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