Lockdown & Easing not Easy

Image: Annie Spratt on Unsplash

​UK pumped an additional 150 billion GBP into its economy by increasing its bond buying program.  The second lockdown kicked in last week as well with government data projecting 4,000 dead daily from the plague.  That data's credibility has been under attack since it came out.

With all of this and UK unemployment increasing to 4.8%, Downing street still has to figure out the British exit thing and its fishery issues we wrote about last summer.  The unemployment rate does not include underemployed workers.  What a mess.

GBPUSD will open at 1.314 today.