LONDON, July 26 — Sterling was broadly flat against the dollar and euro today, after data over the weekend showed a fall in Covid-19 cases in Britain but experts warned the full impact of the economy’s reopening on infection rates remained to be seen.
Data the previous day showed new Covid-19 cases in Britain had fallen for five consecutive days for the first time since February, although officials have been cautious over whether this is a trend. “If we do not get any notable pick-up in infections over the coming days, market participants are likely to conclude that the UK government’s strategy is working and that this strategy could be replicated in other countries with higher vaccination rates,” currency analysts at MUFG said in a note.
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