UK’s Sharma: I hope the impact on the economy will be short term
|Alok Sharma, the UK Business Minister, said in a statement on the coronavirus pandemic on Friday, “I hope the impact on the economy will be short term. “
“I don't think we are crashing the economy; we are providing support for businesses and citizens,” Sharma added.
GBP/USD tests 1.2200
The pound ignores the above comments, as GBP/USD extends the drop and test the 1.2200 demand area amid a broad-based US dollar rebound. Uncertainty over the EU-UK post-Brexit talks combined with rising coronavirus cases globally keep the upside capped in the spot.
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