24.06.2020 Gbp/Usd Daily Analysis

24.06.2020 Gbp/Usd Daily Analysis

Gbp/Usd today is trading at 1.2498, it is trading lower with 0.16% this is because sterling has struggled to post gains against the dollar amid worries that the U.K. government is opening up the economy too quickly. On Tuesday Prime Minister Boris Johnson announced that pubs, restaurants, cinemas, and hairdressers in England will be able to reopen from 4 July. The four countries that make up the United Kingdom are regulated separately when it comes to health matters. However, both the government's chief scientific adviser Sir Patrick Vallance and the chief medical officer for England Professor Chris Whitty stressed Mr. Johnson's plan was not "risk-free". Additionally, a number of influential health leaders have signed an open letter published in the British Medical Journal Wednesday, warning that the U.K. runs a "real risk" of the second wave of coronavirus, and this has contributed to the GBP/Usd pair to trade lower today.