Reports over the weekend showed that there was a drop in the number of COVID-19 infection cases in the UK. This influenced an increase in the pound on Monday. However, the full effect of the ease of lockdown on the economy in the long term is yet to be estimated, experts say.
COVID-19 Situation in the UK
The Delta variant of COVID-19 has spread more quickly than other variants in the UK. This has led to a general increase in infection cases. The prime minister has, however, proceeded with his decision to lift the lockdown regulations and open up the economy. He also urges caution among citizens and encourages them to take vaccines.
Surprisingly, the number of cases has begun to fall after being on a high in recent weeks. It is reported that the vaccination project has been effective and has now led to a decrease in hospital admissions and death tolls. About 88% of the adult population have taken the initial vaccine dose and a further 70% already have the second dose.
Experts Seek Further Proof to Validate the Effect of the COVID Report
Experts are considering the 5 consecutive days of reduced cases with caution. It hasn’t been decided if this situation is a trend or a one-off experience. They stated that the reported figures haven’t yet taken into account some restrictions and the people who have been instructed to self-isolate.
An analyst at MUFG states that further reports over the next couple of weeks will confirm the validity of this report and determine if the government’s strategies have been effective.
The pound sterling strengthened against both the euro and the dollar on Monday after this announcement.
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