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Boris Johnson back at the helm – The Telegraph

Th Telegraph is reporting that “Boris Johnson is planning to return to No 10 as early as Monday to take back control of the coronavirus crisis amid Cabinet concerns the lockdown has gone too far.”

Opening notes

  • The Prime Minister has told aides to schedule catch-up meetings with individual Cabinet ministers next week to get fully up to speed.
  • He will return at a critical time, with the country more than a month into lockdown, and ministers are relying on him to inject fresh impetus into plans for an exit strategy.
  • Senior Cabinet ministers are concerned that a prolonged shutdown will lead to tens of thousands of companies collapsing and inflict irreparable damage to the economy.
  • There are clear signs that businesses and the public are growing tired of the lockdown, with increasing numbers of firms reopening and car use on the rise….

GBP/USD update

  • GBP/USD Forecast: Brexit talks not doing well

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