BoJo is Back at the Office, But Not Sure When UK Will Reopen - Forex News by FX Leaders
BoJo is back at the office

BoJo is Back at the Office, But Not Sure When UK Will Reopen

Posted Monday, April 27, 2020 by
Skerdian Meta • 1 min read

UK Prime Minister Boris Johnson was the last of the European leaders to put the country into lockdown, but he was the first to catch the virus. He was hospitalized and went into intensive care later, as his situation got worse. But, eventually BoJo recovered and he is back to work today.

Although, the lockdown continues and he is not sure how long this will last. This is one of the worst things about the lockdown – people are getting frustrated mainly because thy don’t know how long it will last. Below are his main comments:

  • We cannot say when changes to restrictions will be made
  • We are making progress against the coronavirus outbreak
  • There are real signs we are passing through the peak
  • We are on the brink of achieving the first clear mission
  • That is to prevent the NHS from being overwhelmed
  • We are beginning to turn the tide, this is a moment of ‘maximum risk’
  • Understand the long-term impact of lockdown, how hard social distancing has been
  • But must recognize the risk of a second spike of infections
  • When we are sure the first phase is over, that will be the time to move on
  • We will be transparent
  • We will rely on the science to inform us, but will reach out for consensus
  • Preparations are underway to allow for second phase of the fight

The UK is past the peak of the pandemic, but casualties remain high. Now the comments about a second wave of the pandemic are worrying me more. If this hell ends at some point, then starts again, that will finally kill the economy of the Western countries. Meanwhile, GBP/USD remains bullish today, as the USD slips lower.

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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