Pound Higher As PM Johnson To Detail Reopening Plans
05 April 2021 - 05:15PM
RTTF2
The pound appreciated against its major counterparts in European
deals on Monday, as U.K. Prime Minister Boris Johnson is set to
outline plans to reopen the economy and the resumption of
international travel later in the day.
The PM is expected to set out further details on resuming
foreign travel from this summer.
The authorities are considering to use a special traffic light
system which would categorize possible destinations into green,
yellow and red.
The government is mulling to allot the coronavirus passports to
U.K. residents to access public events.
All retail, outdoor hospitality and hairdressers will be
reopened on April 12 under the current plan unveiled in May.
European markets are closed on account of Easter Monday.
The pound rose to 0.8472 against the euro, its biggest since
February 2020. Next key resistance for the pound is seen around the
0.82 region.
The pound firmed to 1.3074 against the franc, a level unseen
since December 2019. If the pound rises further, it may find
resistance around the 1.33 level.
The pound jumped to a 2-week high of 1.3869 against the
greenback, after falling to 1.3813 at 2:00 am ET. The pound may
test resistance around the 1.41 level.
The pound approached 153.37 against the yen, registering a
3-year high. The pound is poised to find resistance around the
156.00 level.
Looking ahead, U.S. ISM services PMI for March and factory
orders for February are scheduled for release in the New York
session.
Sterling vs CHF (FX:GBPCHF)
Forex Chart
From Feb 2024 to Mar 2024
Sterling vs CHF (FX:GBPCHF)
Forex Chart
From Mar 2023 to Mar 2024