The Financial Times has reported that London Mayor Sadiq Khan has called for a 5.7 billion pounds ($7.37 billion) bailout package for London’s transport operator, in an attempt to keep the capital’s transport system going for the next 18-months. The news enhances the problematic consequences for the UK economy due to the new restrictions imposed on the public due to the spread of the coronavirus in what is a second wave that will clash with flu season. Khan, who serves as the chairman of Transport for London, has requested for the financial package in his submission to the government’s spending review, as passenger numbers continue to plunge due to the coronavirus pandemic-induced strict measures on public transport, the FT said. The pound is vulnerable to continued pressures as the second wave sends investors in the UK to the sidelines. The Bank of England has warned that the rising rate of coronavirus infections and a lack of clarity over the UK’s future trade relationship with the EU could threaten economic recovery. Citing such uncertainty, the Bank held interest rates at 0.1%, a historic low following two emergency rate cuts in March. Andrew Bailey, the Governor of the BoE has said that negative interest rates remained in the “toolbox”, a further risk for the pound. GBP/USD Price Analysis: Three-week-old resistance line probes strongest MACD signals in one month 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 Japanese markets have hit a ‘glitch’ FX Street 2 years The Financial Times has reported that London Mayor Sadiq Khan has called for a 5.7 billion pounds ($7.37 billion) bailout package for London's transport operator, in an attempt to keep the capital's transport system going for the next 18-months. The news enhances the problematic consequences for the UK economy due to the new restrictions imposed on the public due to the spread of the coronavirus in what is a second wave that will clash with flu season. Khan, who serves as the chairman of Transport for London, has requested for the financial package in his submission to the government's spending… 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.