GBP Receives Additional Boost on Updates Of PM Boris Jonhson Getting Better

The pound (GBP) is boosted in trading on Tuesday, thanks to a weaker USD and with general market sentiment being in favour of riskier assets. See recap and explanation in the last article on USD.

Late on Monday, GBP came under heavy selling pressure across the board, which was on reports that Prime Minister Boris Johnson being taken into intensive care. As we reported on Monday, Mr Johnson was admitted to St Thomas' Hospital in central London with "persistent symptoms" of Covid-19 on Sunday and was moved to intensive care on Monday at 19:00 BST after his symptoms worsened.

As an update; In a statement on Tuesday, a Downing Street spokesman said: "The prime minister has been stable overnight and remains in good spirits. He is receiving standard oxygen treatment and is breathing without any other assistance.

GBP has been helped in terms of its move to the north, on the back of the above-noted updates, as Boris Johnson is suggested to be in a stable condition.



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