EUR/GBP has been tailing off from the highs of late as the US dollar firms and sinks the single currency. UK PM Johnson addressed the nation about current new restrictions and the second wave of COVID-19. EUR/GBP was unchanged following UK PM Boris Johnson’s address to the nation when he warned that a 2nd national lockdown is possible if people fail to follow rules. At the time of writing, EUR/GBP is trading at 0.9192 between the day’s range of 0.9143 and 0.9220. Prime Minister Boris Johnson has set out a raft of new coronavirus restrictions for England which could last for up to six months. Boris Johnson recently spoke to the nation and said that there are unquestionably difficult months ahead of where many more families could lose loved ones. He stressed that too many are breaking rules and he has appealed for ‘discipline, resolve and spirit of togetherness’. The health secretary Matt Hancock, commenting in the address, said the new restrictions “set out our clear plan to protect Britain against coronavirus”: All eyes on Brexit Meanwhile, Brexit perhaps matters most to EUR/GBP. Asit stands, cracks have emerged favoring a USD tactical squeeze which is threatening the euro and further upside in the cross, EUR/USD. However, while some might regard the bearishness of the pound as somewhat overcooked, positioning is still far from where it was during prior bouts of heavy Brexit uncertainty. Therefor, further losses for the pound in the current environment cannot be ruled out. Cable has dropped to test an important levelon the daily charts in the lower bound range of the 1.27 area. However, there is scope for more volatility given the fluid political environments on both sides of the Atlantic. An escalation of tensions between the EU and UK governments with respect to the latter’s intention to break its commitment to the Withdrawal Agreement could threaten a move towards last year’s high in the 0.9325 area in the coming weeks, analysts at Rabobank argued. Next week will be an important one for GBP crosses. EU Commission vice-president Maros Sefcovic said he would meet senior British minister Michel Gove — just ahead of an end-of-the-month deadline from Brussels for the UK to abandon the Internal Market Bill. meanwhile, the EU lawyers are separately drawing up plans to haul Mr Johnson in front of the European Court of Justice unless he amends his Brexit Bill. EUR/GBP levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Silver Price Analysis: This silver 4-hour chart still looks abit ugly after the triangle pattern break FX Street 2 years EUR/GBP has been tailing off from the highs of late as the US dollar firms and sinks the single currency. UK PM Johnson addressed the nation about current new restrictions and the second wave of COVID-19. EUR/GBP was unchanged following UK PM Boris Johnson's address to the nation when he warned that a 2nd national lockdown is possible if people fail to follow rules. At the time of writing, EUR/GBP is trading at 0.9192 between the day's range of 0.9143 and 0.9220. Prime Minister Boris Johnson has set out a raft of new coronavirus restrictions for England which could last for up to six months. Boris… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.