UK shares receive a booster shot from BioNTech, Pfizer
Positive news related to Covid-19 vaccines subdued fears of seeing another set of official measures taken this week by Britain, which in turn has helped give a push to UK’s main stock indices on Wednesday.
The sterling dropped to new lows for this year, which helped the exporter-heavy blue-chip FTSE 100 index jump 0.2% for the day.
Concerns had risen earlier this week with circulating news that UK Prime Minister Boris Johnson may take new measures to offset the negative impact of Covid-19, including holding Covid-19 passports for large gatherings.
But news from BioNTech and Pfizer showing lab-tested success of their three-shot course vaccine against Covid-19’s newest mutant Omicron, helped mute the concerns, thus reversing earlier negative trading.