Hopes for a V-shaped recovery from the Covid-19 pandemic came at just the right time yesterday, as the dreaded second wave emerged in Beijing.

The cheap and available treatment, Dexamethasone, is reported to cut death rates by up to a third and offers potential for an alternative or new approach to the blunt tool of lockdowns, especially as new variations of the treatment are tried.

Elsewhere, there are warnings that the pre-eminence of the US dollar is coming to an end, and the flights are restarting across Europe as the first tourists arrive from Germany into Mallorca.

Make sure any upcoming transactions are protected against the risks of sudden market movements. Secure a fixed exchange rate now with a forward contract; call your Personal Trader on 020 7898 0541 to get started.
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