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In a statement on Friday, the UK Transport Minister Grant Shapps announced that over 50 countries will be exempt from the 14-day quarantine rule, as travelers look to enter England to enjoy their summer holidays.

A full list of countries covered by the relaxation would be announced on Friday, Shapps said.

Britain’s foreign ministry would set out exemptions from its global advisory against “all but essential” international travel from July 4, per Reuters.

Market reaction

GBPUSD is challenging highs near 1.2480 on the above comments. Fresh weakness in the US dollar across its main peers, amid a fresh risk-on wave, also supports the pair.