UK PM Johnson will chair an emergency meeting to tackle coronavirus outbreak on Thursday – Reuters

Anil Panchal FXStreet

Amid the rush to fight the deadly virus, the UK will introduce more stringent measures to tackle coronavirus outbreak (COVID-19), as per Reuters.

Key quotes

British Prime Minister Boris Johnson will chair an emergency meeting on Thursday at which he is expected to approve moving to the "delay phase" of the coronavirus response that includes more stringent measures to counter the outbreak.

Johnson will chair a meeting of Britain's emergency committee - known as COBR - on Thursday at around 1315 GMT.

The decision to move to the so-called "delay phase" from "contain" is expected to be made at the meeting, his spokesman said.

FX implications

Considering the investors’ wait and watch mode ahead of US President Donald Trump’s 01:00 GMT, the news failed to have any major reaction with the GBP/USD pair trading mostly unchanged near 1.2820. However, this could offer a volatile session to the Cable traders while looking forward.

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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