GBP PRICE, NEWS AND ANALYSIS:
The UK has eased some of its coronavirus lockdown steps in precisely the exact same time as France and Germany consider tougher curbs to fight a surge in Covid-19 instances there.
This will probably mean additional reductions for EUR/GBP from the days beforehand.
EUR/GBP will probably continue to slip as a easing of coronavirus lockdown principles in the united kingdom contrasts with tighter limitations expected in Germany and France, the Eurozone’s two biggest economies.
Back in Germany, Covid-19 instances are continuing to grow and calls are increasing for tougher action, even though a row is continuing between the German authorities and the nation’s countries over if more steps are necessary. In France, President Emmanuel Macron has stated more Covid-19 limitations could be levied in the days beforehand, but “nothing has been decided yet”, even as medical specialists say new steps are required desperately.
By comparison, in the UK a number of those principles were progressing Monday and additional steps are predicted to be raised on April 12, and while some of this is currently priced into the EUR/GBP exchange rate further weakness at the pair could not be any surprise.
