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While speaking in House of Commons, British Prime Minister Boris Johnson noted that schools will be the first thing to reopen and repeated that this could happen around mid-February, as reported by Reuters.

“The end of the lockdown will not be a big bang,” Johnson added and said it will be a “slow unravelling.”

Market reaction

These comments were largely ignored by market participants. As of writing, the UK’s FTSE 100 Index was up 2.4% on a daily basis at 6,771. Meanwhile, the GBP/USD pair was trading at 1.2655, where it was gaining 0.22% on the day.