UK Omicron: PM Johnson confirms “Plan B” restrictions to expire next week, England to return to “Plan A”

Joel Frank Independent Analyst

UK Prime Minister Boris Johnson on Wednesday confirmed that, as expected, "Plan B" Covid-19 restrictions in England will expire next week and the country will return to "Plan A". That means the recommendation for people to work from home will be dropped and that face mask requirements will be eased. The PM said the data vindicated the government's decision not to go with even tougher restrictions back in December, with the spread of Omicron looking to have peaked nationally and hospital admissions having stabilised.

Market Reaction

GBP has been advancing in recent trade, boosted by hot Consumer Price Inflation data and perhaps also be Johnson's latest announcement. The pair currently trades in the 1.3640 area, up nearly 0.4% on the day.

Author

Joel Frank

Independent Analyst

Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst since 2018, specialising in the coverage of how developments in the global economy impact financial asset

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