Telegraph: Two centrally run committees to shape UK's COVID-19 approach in shake-up – Reuters
|Late-Tuesday night in the US, Reuters came out with the news, quoting the Telegraph, that suggests British Prime Minister Boris Johnson is aiming to take “direct control” of the government’s handling of the coronavirus (COVID-19) outbreak in a Downing Street shake-up.
Key quotes
The move will see two centrally run committees, covering strategy and operational delivery, shaping the British government’s approach to the outbreak, the newspaper added.
The committees will substitute four ministerial implementation groups, which were formed at the start of the coronavirus crisis and covered health, foreign affairs, economy and business and public services.
UK PM Johnson will chair the strategy committee while Cabinet Office Minister Michael Gove will chair the new operations committee.
The changes will free up some members of Johnson’s top team to concentrate on Brexit talks ahead of July’s deadline, when Britain determines whether to stretch the transition period beyond this year.
The newspaper also reported that a regular COVID-19 government meeting, which has been held every morning, is being axed.
FX implications
While the news should have helped the GBP/USD pair, the Cable stays mostly unchanged around 1.2550 by the press time.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.