UK Government Scientific Adviser believes a three-week shutdown is necessary to stem the COVID-19 spiral

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Amid a relentless rise in coronavirus cases in Britain, the government’s scientific adviser, Jeremy Farrar, said a three-week period of national lockdown restrictions needs to be immediately imposed to contain the spread of COVID-19.

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The current tiered restrictions will not sufficiently reduce transmission rates or prevent the virus from spreading further.

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A three-week period of increased restrictions at the national level, with the appropriate levels of financial support, will allow us to restart before winter, stop the transmission spiral, protect and prepare health services, allow time for test systems to isolation and tracking are fully functional and save lives.

Market Reaction

GBP / USD defends slight gains above 1.2900 amid a cautious market environment and ahead of a new round of Brexit negotiations this week.

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The spot is trading at 1.2928, with a daily rise of 0.11%, at the time of this writing.

Credits: Forex Street

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