UK preparing to enforce a total social lockdown across much of Northern Britain and potentially London - The Times


Early Monday morning in Asia, The Times came out with the news suggesting that the policymakers in the UK are considering a strict ban on socializing amid the recent surge in the coronavirus (COVID-19) cases.

Key quotes

The report says that the new lockdown measures put forward a complete closure for all pubs, restaurants and bars for two weeks initially.

Households would also be banned indefinitely from meeting each other in any indoor location where they were not already under the order, the report mentioned.

In a separate report, The Sun also quoted a spokesperson for the London Mayor Sadiq Khan while saying,  "London is at a very worrying tipping point right now. We’re seeing a sharp rise in 111 calls, hospital admissions, and patients in ICU. Whilst Londoners have made incredible collective sacrifices to reduce the spread of Covid-19, the number of cases is now rising steeply again and we have to take immediate action to get the virus back under control."

FX implications

Following the news, GBP/USD fades the upside momentum portrayed at the day’s start while stepping back from the intraday high of 1.2777 to currently around 1.2765.

Read: GBP/USD: Virus woes probe bulls targeting 1.2800

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.

Feed news

Latest Forex News


Latest Forex News

Editors’ Picks

EUR/USD under pressure around 1.1850 amid US election concern

EUR/USD is under some pressure around 1.1850 the anti-risk dollar is drawing haven bids on reports of meddling in US elections and fading prospects of an imminent US stimulus deal. US jobless claims are eyed.

EUR/USD News

GBP/USD holds onto gains as Brexit talks restart

GBP/USD is trading well above 1.31, consolidating its gains as intense Brexit talks restart in London, aiming to reach an accord by mid-November. Rising UK coronavirus cases and political uncertainty in the US are keeping the safe-haven dollar bid.

GBP/USD News

Gold off lows, still in the red around $1920 region

Gold traded with a mild negative bias through the early European session, albeit has managed to trim a part of its daily losses to the $1911-10 region.

Gold News

Forex Today: Foreign intervention in US elections weighs on mood, jobless claims, politics eyed

Concerns about foreign intervention in the US elections have weighed on the market mood, allowing the dollar to recover after Wednesday's losses. Intense Brexit talks resume in London, boosting the pound.

Read more

WTI: Buyers lurk around 100-day EMA

WTI bounces off $39.83, the lowest in one week, to battle 50% Fibonacci retracement. EIA inventories recovered from -3.818M prior, -1.021M forecast. The energy benchmark dropped the lowest since October 15 the previous day.

Oil News

Forex MAJORS

Cryptocurrencies

Signatures