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Reuters reports that the British Finance Minister Rishi Sunak is expected to unveil a “significant financial package” on Tuesday for firms hit by the coronavirus outbreak, a Daily Mail reporter tweeted on Monday.

“Sunak is expected to unveil the package at a press conference alongside UK Prime Minister Boris Johnson, the tweet said, citing sources.”

key notes

  • UK finance minister to attend Tuesday’s coronavirus press conference alongside PM Johnson – Daily Mail reporter tweeted.
  • UK finance minister to unveil ‘significant financial package’ on Tuesday to help firms hit by coronavirus outbreak – Daily Mail reporter tweeted.

FX implications

  • GBP/USD sinks to 1.22 as COVID-19 deaths jump in last 24-hours