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Boris Johnson Recovers from Coronavirus

UK government is considering reviewing the lockdown measures at the end of the week and that ministers are waiting to be sure the peak has passed before easing the restrictions, while others (moved by their concerns regarding the economic outlook) are pushing for immediate ease of the restrictions.

Boris Johnson RecoversThe United Kingdom's Prime Minister Boris Johnson was finally released from the hospital, after spending seven nights at St Thomas' Hospital in central London as a coronavirus patient, three of those nights he spent while being on intensive care.

"It is hard to find the words to express my debt to the NHS for saving my life," posted Johnson on his twitter account, "The efforts of millions of people across this country to stay home are worth it. Together we will overcome this challenge, as we have overcome so many challenges in the past," he added.

The United Kingdom is currently one of the most affected countries by the coronavirus outbreak, with 84,279 infected individuals and a 10,612 death toll. The country is currently amid its fourth week of auto imposed lockdown, which was ideated to curb the spread of the disease. Sources claim that the government is considering reviewing the lockdown measures at the end of the week and that ministers are waiting to be sure the peak has passed before easing the restrictions, while others (moved by their concerns regarding the economic outlook) are pushing for immediate ease of the restrictions.

The United Kingdom's Finance Minister said that the economy could shrink between 25 and 30 percent in the first quarter because of the lockdown, according to The Times newspaper. The treasury ministry didn't confirm the claim, as it declined to comment it.

Earlier this morning the Finance Minister announced a £14 billion aid package to help the public services sector.

"Our public services and its incredible workers are working with immense resolve and skill to keep us safe," he said, "We depend on them, which is why we are doing everything we can to provide our NHS, local authorities and others, with the resources and tools they need to tackle the virus," he added.

The minister also said that the services sector will get whatever it needs to protect the country and the people from the coronavirus.

"From the start, I’ve been clear our vital public services will get whatever they need to protect this country and its people from coronavirus," he continued.

By 10:37 GMT the Pound Sterling went up by 0.34 percent against the US dollar, hitting the 1.2494 level. Conversely, it gained 0.33 percent against the Australian Dollar, hitting the 1.9710 level. On the other hand, it went down by 0.13 percent against the Japanese Yen, falling to the 134.92 level.

Ibeth Rivero
About Ibeth Rivero

Ibeth contributes daily market commentary in both English and Spanish (both of which she speaks fluently) and she also manages the DailyForex mobile app to ensure that traders around the world are getting important market updates in real time.

 

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