UK PM Johnson to press US President Biden to open up for UK visitors – Telegraph

Anil Panchal FXStreet

The Daily Telegraph came out with the news, relying on the sources, suggesting that UK Prime Minister (PM) Boris Johnson’s US visit aims to convince US President Joe Biden over the travel ban.

“The Prime Minister will make an ‘impassioned’ case for why Mr. Biden should lift his travel ban by allowing fully vaccinated people in the UK to travel directly into American,” adds The Daily Telegraph.

The news also highlights UK Johnson’s push for a promise of billions of dollars more climate financing for developing nations to help Mr. Johnson to hit a flagship Cop26 UN climate conference target. It’s mentioned in the piece, “Currently, it is estimated that between $80 billion and $90 billion a year has been pledged.”

Fx implications

Markets are more interested in hearing the details of how the US and the UK, coupled with Australia and Japan, will battle China (indirectly) after the AUKUS pact. Hence, the reaction to the news was negligible by the press time. Also, the bank holidays in Japan and China dims the importance of any data/events.

Read: Evergrande: Risk-off tone for APAC, a USD win-win scenario, bad for AUD

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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