Prime Minister Boris Johnson presented a plan of reopening the UK economy in four stages, with the possibility that all restrictions will be lifted by June 21. Below are the most important changes with the proposed dates:
March 8 - reopening of all schools, outdoor gatherig of two people will be allowed
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appMarch 29 - outdoor gatherig of 6 people (or 2 households) will be allowed, opening of sports facilities, e.g. tennis courts
April 12 - possible opening of shops and facilities that do not provide basic services (e.g. hotels)
May 17 - further easing, including the possibility of eating meals inside the premises or attending sports events
As Johnson emphasized, the easing of the restrictions will depend to a large extent on the statistics rather than the currently proposed dates (including the progress of the vaccination program, the situation in hospitals). The priority is to restore outdoor activity.
GBPUSD continues benefiting from upside momentum on the 4H chart and also trades well above the 50 (green line) and 200 SMA (red line). However, buyers failed to uphold momentum after reaching a fresh multi-year high of 1.4068 and the pair pulled back. The nearest support is located at 1.3980 and then 1.3850. On the other hand, should a break above the aforementioned resistance occur, next resistance to watch lies at 1.4123 and coincides with the upper limit of the the ascending channel. Source: xStation5
