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Malaysian Politics Draw Attention Again

CHINA RATES

China Repo Rates Diverge On Monday

FOREX

CAD & NOK Draw Support From Firmer Oil Prices

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Core FI Soften As E-Minis Climb

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  • In terms of new measures from the UK, the government has not gone so far as to recommend the full 'Plan B' comes into effect. This would have seen mandated mask wearing in more indoor and crowded spaces, the return of the recommendation to work from home if possible and mandatory vaccine-only entry to certain settings such as nightclubds, sports stadiums, music venues etc.
  • Instead mark wearing has been mandated on public transport and in retail settings only (and advised in secondary schools), there is no requirement to work from home and there are no vaccine entry requirements to nightclubs etc.
  • In addition, a number of southern African countries have been placed on the red list, banning entry to non-UK citizens travelling from those countries and requiring stays in vaccination hotels for UK citizens, while from Tuesday all international arrivals will be required to take a PCR test and to self isolate until the results are known.
  • All of these rule changes will be reviewed in three weeks time, which coincides with the beginning of the school holidays. In economic terms, the new requirements are unlikely to have any significant impact. The main channel of economic impact will be through any potential changes in consumer behaviour or confidence.