Coronavirus (COVID-19) News

Boris Johnson

UK lockdown restrictions to be eased in five-week intervals

PM Boris Johnson unveiled his COVID exit roadmap for England today, including key lockdown dates for pubs, shops, salons and gyms. England's lockdown will be eased in five-week intervals, with stage one of the exit plan commencing on...
UK Coronavirus lockdown

UK Coronavirus restrictions could be lifted in June

As the UK continues to battle through its third national coronavirus lockdown, vaccine progressions and recent comments from UK Prime Minister Boris Johnson are significantly improving the UK’s outlook for the future. Mr Johnson addressed the House of Commons today outlining his roadmap to gradually bring the UK out of lockdown. The Prime Minister stated...
japan recession

Potential COVID-19 Resurgence – What does this mean for currency markets

Whilst global coronavirus rates are on the decline, the uncertainty of how long vaccines remain effective, leave the long term future of currencies unknown. Japan is facing economic uncertainty as a result a new coronavirus variant. Japan published...
Tiny Earth globe over the surface covered with the multiple bank note bills symbolising the impact of Coronavirus recovery plans on global growth and currencies

How are Coronavirus recovery plans affecting currency exchange rates?

Global economies are showing gradual signs of recovery, with Boris Johnson set to release roadmap for UK lockdown exit. The early stages of COVID-19 experienced during 2020, saw the global economy stall, as rates of infection surged. However, with 2021 well underway, it makes sense that

Europe – What coronavirus restrictions are currently in place?

As Boris Johnson prepares plans to help end UK lockdown, we take a look at what COVID-19 restrictions are in place across Europe. Spain was one of the worst impacted Eurozone countries by coronavirus, with a current total of...
Image of COVID-19 or Coronavirus which is causing economic distress as a second wave of Coronavirus infections is feared

Pound strong ahead of Boris Johnson’s lockdown exit plan

The pound has edged higher against its major competitors ahead of Boris Johnson’s plans to gradually exit out of lockdown. Though it’s been confirmed that UK schools will reopen in March, Mr Johnson has stated that when it comes to reopening the economy, he will be focussed on...
Boris Johnson

PM to lift lockdown when cases fall below 1,000

“Ready, test, go!” Prime Minister Boris Johnson reveals UK government’s new slogan with the hope of lifting lockdown rules when cases are below 1,000. While Mr Johnson is optimistic that the country can return to some form of normalcy by July, he said that any easing of measures would depend on ...
UK lockdown lift plan

Lockdown review underway after UK hits vaccine target

Pound Sterling rallied to fresh highs after the UK government confirmed achieving its 15 million vaccine target. UK Prime Minister Boris Johnson said that his lockdown exit roadmap would ease restrictions on a cautious but irreversible basis, which has increased hopes of...
US economic outlook (GDP)

UK economy suffers record slump due to COVID-19 restrictions

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The UK economy suffered its steepest annual contraction on record in 2020 due to coronavirus lockdown restrictions. Although the UK has avoided a double-dip recession due to Q4 growth, economic output slumped by...
New British sterling one pound coin as Sterling

British pound steady amid third lockdown

Despite the UK’s third national lockdown, the British pound has been rising substantially against its main currency competitors.
10 Downing St

COVID-19 improvements may shorten the UK economy’s recovery

In a Downing Street press briefing, Mr Johnson declared that the R must stay below 1 for the continued easing of lockdown measures in the UK. With the current R-rate below 1 across England and the number of cases in London fast declining, Boris Johnson may...
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Guide to International Money Transfers During Coronavirus Crisis

Managing currency exchange risk can seem a challenge, particularly during the Coronavirus pandemic. Halo Financial explains how to navigate foreign exchange during these unprecedented times.