UK’s Hancock: National lockdown never off the table, but it is the last line of defence

Dhwani Mehta FXStreet

While addressing a news briefing on Friday, the UK Health Secretary Matt Hancock said that the last resort to contain the coronavirus spread in the country is to impose a nationwide lockdown.

Additional comments

“More measure brought in across North East of England.”

“Virus accelerating across the country.”

“Number of people in hospital doubling every 8 days.”

“Belgium took action, but they took action and it came down.”

“Testing labs are working flat out.”

On 'how close to a second UK lockdown?' he says, “I cannot give you an answer yet.”

GBP/USD stalls the bounce

The bounce in the GBP/USD pair lost momentum following the above comments on the UK lockdown, as the rates now head back towards 1.2950 levels.

The spot, currently, trades 0.09% lower at 1.2959.

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.

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