News

UK PM Boris Johnson announces new nationwide lockdown to curb coronavirus

UK Prime Minister Boris Johnson has announced a second broad lockdown from Thursday, November 5, and until December 2. The PM has said, "The virus is doubling faster, that we can conceivably add capacity."  Leaving home is restricted to limited, essential activities. 

Johnson has also announced that the furlough scheme will extend for another month. Nevertheless, the UK will likely struggle. 

Chief medical officer Chris Whitty explained that there are now some 50,000 cases per day and that several hospitals have more COVID-19 patients than in the spring. Chief scientific officer, Sir Patrick Vallance, warned that admissions to hospitals could top the peak of the previous wave within the next six weeks.

Speculation about a lockdown circulated ahead of the announcements. France and Germany announced similar measures on Wednesday. The move comes ahead of the Bank of England's rate decision on Thursday, alongside its quarterly Monetary Policy Report. The BOE may announce sub-zero borrowing costs. 

More GBP/USD: Trump or Biden? Brexit, central banks, covid all promise explosive week

 

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.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.