GBP/USD Cuts Some Losses as U.K Tightens Lockdown Measures

Forex
© Reuters.  © Reuters.

By Yasin Ebrahim 

Investing.com – The pound cut some of its losses on Monday after U.K. Prime Minister Boris imposed stricter lockdown measures on Monday, and confirmed the restrictions will be in place for at least three weeks as the country battles to combat the Covid-19 pandemic.

fell 1.03% to $ 1.1513 after hitting a low of $ 1.1448 earlier on Monday.

The prime minister conceded that the measures would disrupt daily life and businesses, but insisted the government would offer support at a time when coronavirus infections have jumped in the country.

The stricter measures, which include limiting gatherings of more than two people in public, will be reviewed in three weeks, Johnson added.

in the U.K., coronavirus infections jumped 967 to 6,650 on Monday from 5,683 a day earlier.

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