UK’s Dowden: Discussions are ongoing with France about quarantine exceptions for those arriving in country

Dhwani Mehta FXStreet

The discussions are ongoing with the French about quarantine exceptions for those arriving in the UK, the Kingdom’s Culture Minister Oliver Dowden said on Monday.

Further comments

"We're still 'some way' from getting coronavirus vaccine."

"Looking to resume Premier League games around mid-June."

This comes after French Interior Minister criticized the lack of European coordination on borders, especially in light of a denial from the UK Prime Minister Spokesperson that there was a French exemption.

The UK policy now stands as, “people travelling to the UK from France will now be required to self-quarantine for 14 days.”

On May 10, a joint statement between the UK and France was published, citing that “no quarantine measures would apply to travellers coming from France at this stage”.

Market reaction

GBP/USD has stalled its bounce and now battles 1.2100, having hit fresh seven-week lows of 1.2076 on Bank of England (BOE) Chief Economist Andy Haldane’s negative rates remarks.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.