Here's What the Market Needs to Know Ahead of PM Johnson's Announcement! - Kakiforex.com - Financial Market Media No. 1 in the World Here's What the Market Needs to Know Ahead of PM Johnson's Announcement! Here's What the Market Needs to Know Ahead of PM Johnson's Announcement!
InstaForex

June 15, 2021

Here's What the Market Needs to Know Ahead of PM Johnson's Announcement!

 Boris Johnson is scheduled to make an announcement on the withdrawal of the previously imposed ‘lockdown’ measure. PM Johnson is expected to announce that the postponement of the ‘lockdown’ deadline will be extended to July 19, 2021.


This is because the Indian Covid-19 variant has caused Covid cases to increase by 240% within a week.


The delay will be utilized to further increase vaccination in the hope of reducing the admission of Covid-19 patients to hospitals and the public having high immunity.



It is also expected that some changes will be announced. However, the social imprisonment and rule 6 previously used will be retained. Pubs and restaurants will not be allowed to open at full capacity as the number of customers is limited.


Limits on the number of entrances to arenas, cinemas, sporting events and theaters will also be maintained. In addition, it is also expected that the wearing of face masks will continue to be mandatory. Employees are also encouraged to work from home.


Senior government sources say that the number of people at the wedding is also likely to remain the same. PM Johnson is expected to make the announcement at 5.00 pm UK time (1.00 am Malaysian time).


The GBP is currently trading stronger against the US dollar with a 0.10% strengthening to the 1.4120 exchange rate as of 11.00 p.m.