Search ForexCrunch

With the Brexit risks already lurking, the UK Prime Minister (PM) Boris Johnson’s government faces internal pollical headwind, as the opposition Labour Party Leader Keir Starmer emphasizes the need for an inquiry into the government’s handling of the coronavirus crisis.

Key quotes (via Sky News)

“I think an inquiry is inevitable.” 

“There will be an inquiry in due course.”

Market reaction

GBP/USD wipes out gains and trades flat at 1.2466 amid a positive open on the European markets. Broad US dollar weakness fails to impress the GBP bulls, as Brexit concerns and domestic political issues weigh.