UK, UK...Work from Home, Pubs to close at 10pm, Brexit concerns...Dear GBP, how will you fare under all these?
The GBP/USD was seen to hit the lowest level since July which is 1.2709.
UK PM Boris Johnson has outlined new restrictions in the UK in view that cases are doubling every 7 -20 days. All pubs are to be closed by 10pm and office works are urged to work from home if possible. The Governor of Bank of England, Andrew Bailey has dismissed negative rates which gave temporary support to GBP. UK PMI numbers will be released next week.
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Edited 23 Sep 2020, 12:12
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