UK’s Raab: New coronavirus restrictions are serious and proportionate

Dhwani Mehta FXStreet

UK Foreign Minister Dominic Raab said on Wednesday that the new coronavirus restrictions announced by the Prime Minister (PM) Boris Johnson a day before are serious and proportionate.

Further comments

“Cannot rule out a full second lockdown in the UK.”

“Better to ask people to work from home now than resort to a full lockdown later.”

“I think it is inevitable furlough scheme will come to an end.”

“We have a suite of measures and if everyone follows measures, we will get to Christmas without a national lockdown.”

GBP/USD refreshes two-month lows

Fresh selling interest in the pound is dragging GBP/USD to the lowest levels in the two months below 1.2700.

At the press time, the cable drops 0.35% to trade at 1.2687

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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