RE: UK to require pre-departure Covid test for travellers from China31 Dec 2022 16:54
"Given the vast outbreak it is almost certain that China will eventually have its own variant, we just don’t know how serious or dangerous it will be,” he added."
As i mentioned when China announced a relaxation of the rules. it's not rocket science any more, is it? Now 11p because the press are eagerly reporting any whiffof panic.
A new variant will come out of china, it will be a major surprise if it does not. However, this is already priced in and china will hit peak covid in Feb, according to their estimates. The only way GDR sp will rise further now is if a break-out variant is reported. Anddont worry, the press are on our side. They can't wait to announce a suspected break-out variant, they rake it in each time. I expect sp to peak at 20-30p on suspected break-out news. We've been here long enough to know how GDR sp reacts, it reacts far more slowly to break out news so it won't be difficult to buy on news. But the immediate headwind is the AGM-related RNS. andas we've learned over the years with GDR - now news is bad news! lol.
GLA