UK PM Johnson speaking on coronavirus

  • on target to conduct 500,000 tests per day
  • if evidence requires, will not hesitate to take further measures
  • if we do the work together now, it gives best possible chance of avoiding further measures
  • British people do not want to "throw in the sponge"
  • if health service were to be overwhelmed, no one would get care for other conditions
  • confident that we will get through this
  • Does not want to return to a national lockdown
  • We're not going back to the situation in March at the moment
  • The only way to do that is to follow the guidance

For the GBPUSD, the pair has come off the spike highs reached near the London fix. Technically, the pair has retraced back down to the high from yesterday at 1.2902. It is also near the underside of the broken trend line.

GBPUSD on the hourly