The UK is ready to reopen its economy in gradual steps separated by five weeks, a cautious approach. The BBC’s Laura Kuenssberg reports on Prime Minister Boris Johnson’s highly anticipated speech at the end of the day. Details about the return to schools, hotels and other economic activities will likely be published during the day.
Investors expected a faster return to normality amid steep decline in COVID-19 cases, hospitalizations and deaths.
GBP / USD is trading just below 1.40, retreating from the highs of 1.4052 reached earlier in the day. The US dollar is strengthening along with higher yields on US debt.
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