Rising daily tally in the UK
- Cases up 570 compared to a week ago
- Deaths 11 vs 18 a day ago
The UK is getting some attention today for requiring 14-day quarantines for visits to France. The takeaway is that people may spend more money at home.
However if cases continue to rise, they may be locked back down.
I believe there is a strong political risk in second waves. The public will forgive the first wave but will punish politicians if there is a second. Boris Johnson has a long lead time until the next election so it’s less of a factor in the UK, but my baseline is that officials will be overly quick to lockdown in second waves, because of political risk.
This article was originally published by Forexlive.com. Read the original article here.