FX

British Prime Minister Boris Johnson is planning to delay the lockdown lift to July 19, which was originally scheduled to take place on June 21, to July 19 amid rising cases of the coronavirus Delta variant, The Sun reported on Friday.

According to the news outlet, the UK will have a two-week review and could drop restrictions on July 5 if hospitalizations remain low.

Market reaction

The GBP/USD pair edged modestly lower after this headline and was last seen losing 0.53% on the day at 1.4058.

Articles You May Like

Coinbase reports first-quarter revenue beat after bitcoin rally leads to surge in profit
US MBA mortgage applications w.e. 26 April -2.3% vs -2.7% prior
USD/INR extends its downside, all eyes on US NFP data
New Zealand Building Permits for March 2024 -0.2% m/m (prior +14.9%)
Jobless rates rise in April for all racial groups except Black Americans