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The Government is hoping for an early decision giving the Oxford/AstraZeneca vaccine the all clear to allow it to roll out a planned 818,000 doses of the jab which are crucial to exiting lockdown.
The decision to suspend use of the vaccine here this week as a precaution while European regulators investigate reports of blood clots associated with the jab is the latest set back.
Around 30,000 healthcare workers and people at very high from Covid-19 will lose out as their planned inoculations for the week ahead are put on hold.
Ireland is pinning its hopes on more than 800,000 doses of AstraZeneca arriving here from April to June as part of the ramping up of vaccinations to clear the way for lifting restrictions this summer.
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12/23/2020 8:49:39 PM GMT | By Joel Frank
EUR/USD has eased back below the 1.2200 level in recent trade as confirmation of a Brexit deal remains elusive.
The pair still trades with reasonable on-the-day gains, however, amid the continued positive tone to risk appetite.
The Dollar Index (DXY) has been allowed to recover from 90.15 lows to current levels in the 90.40s, as GBP/USD and other USD majors such as EUR/USD wane from highs. At present, EUR/USD trades close to 1.2180, up around 0.2% or nearly 20 pips on the day. Hopes that a Brexit deal would be announced as early as tonight have not yet materialised, but a deal is clearly still on the cusp of being had and the market’s broader appetite for risk remains positive.
12/23/2020 7:04:54 PM GMT | By Joel Frank
EUR/JPY has again found support at the 126.00 level and amid an improved risk appetite is currently trading in the 126.20s.
If the Covid-19 situation materially worsens in the EU, however, a break lower is on the cards.
EUR/JPY slumped on Tuesday, with markets at the time feeling gloomy about the latest updates from Europe regarding the spread of a new, more transmissible variant of Covid-19 and safe-havens such as JPY and USD outperforming the likes of the euro. But the pair has remained broadly supported at the 1.2600 level, and has turned a little higher on Wednesday as market focus shifts to Brexit; according to a deluge of reporting from UK and EU sources, a deal could be announced as soon as tonight.