{"id":97583,"date":"2020-03-16T12:53:13","date_gmt":"2020-03-16T16:53:13","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=97583"},"modified":"2020-03-16T12:53:13","modified_gmt":"2020-03-16T16:53:13","slug":"102701-gbp-usd-pound-off-its-lows-as-hancock-denies-herd-immunity-plan","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/102701-gbp-usd-pound-off-its-lows-as-hancock-denies-herd-immunity-plan\/","title":{"rendered":"GBP\/USD: Pound off its Lows as Hancock Denies Herd Immunity Plan"},"content":{"rendered":"

The British pound<\/a> is higher against the US dollar<\/a> on Monday as traders weigh up how currencies will be affected by the economic crisis being wrought by the coronavirus<\/a> outbreak.<\/p>\n

The WHO is calling Europe the new epicentre and national and supra-national governments are responding with strict policies on the movement of people to contain the spread.<\/p>\n

GBP\/USD<\/a> was up by 19 pips (+0.15%) to 1.2294 with a daily range of 1.2219 to 1.2431 of 4pm GMT. GBP\/USD<\/a> fell a gigantic -5.9% last week and added to the losses early on Monday before rebounding just above 1.22 to back near the 1.23 level.<\/p>\n

British Pound off its lows as Hancock denies Herd immunity plan<\/h2>\n

While the UK government and central bank response to the coronavirus outbreak last week was one of the best-received in markets, the governments planning for the outbreak itself is being questioned. While most of Europe is battering down the hatches, putting an end to all but essential economic activity, the UK has taken a different approach to most.<\/p>\n

The plan appears to let the bulk of the community contract the virus for heard immunity while the over-70s are forced to self-isolate for potentially months. The Heath Secretary Matt Hancock, perhaps helped alleviate some of the selling pressure on the currency when he denied that \u2018herd immunity\u2019 was part of the government\u2019s response.<\/p>\n

As of Sunday, the UK\u00a0has a total of 1,395 positive\u00a0cases<\/em>\u00a0of\u00a0coronavirus<\/em>\u00a0and 35 people have died, according to John Hopkins University.<\/p>\n

Dollar gives up small fraction of last week\u2019s gains as Fed kick-starts QE<\/h2>\n

A massive effort on the part of the US Federal Reserve to add liquidity to the US and global financial system saw the greenback pull back from its recent highs, but only against a select few currencies, including the British pound.<\/p>\n

The US Senate is set to vote on the stimulus package agreed by the White House and Congress on Friday, having cancelled its planned recess to deal with the coronavirus crisis inside the United States.<\/p>\n","protected":false},"excerpt":{"rendered":"

The British pound is higher against the US dollar on Monday as traders weigh up how currencies will be affected by the economic crisis being wrought by the coronavirus outbreak. The WHO is calling Europe the new epicentre and national and supra-national governments are responding with strict policies on the movement of people to contain […]<\/p>\n","protected":false},"author":163946598,"featured_media":47083,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1381],"tags":[2139,1394,1888,2515,2516,1398,2496],"class_list":{"0":"post-97583","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-usd","9":"tag-coronavirus","10":"tag-gbp","11":"tag-gbp-usd","12":"tag-immunity-plan","13":"tag-matt-hancock","14":"tag-usd","15":"tag-who"},"acf":[],"yoast_head":"\nGBP\/USD: Pound off its Lows as Hancock Denies Herd Immunity Plan - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/102701-gbp-usd-pound-off-its-lows-as-hancock-denies-herd-immunity-plan\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ileana Ionescu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102701-gbp-usd-pound-off-its-lows-as-hancock-denies-herd-immunity-plan\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102701-gbp-usd-pound-off-its-lows-as-hancock-denies-herd-immunity-plan\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/USD: Pound off its Lows as Hancock Denies Herd Immunity Plan\",\"datePublished\":\"2020-03-16T16:53:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102701-gbp-usd-pound-off-its-lows-as-hancock-denies-herd-immunity-plan\\\/\"},\"wordCount\":347,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102701-gbp-usd-pound-off-its-lows-as-hancock-denies-herd-immunity-plan\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/gbp-usd-weekly-roundup.jpg\",\"keywords\":[\"coronavirus\",\"gbp\",\"gbp\\\/usd\",\"immunity plan\",\"Matt Hancock\",\"usd\",\"WHO\"],\"articleSection\":[\"GBP\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102701-gbp-usd-pound-off-its-lows-as-hancock-denies-herd-immunity-plan\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102701-gbp-usd-pound-off-its-lows-as-hancock-denies-herd-immunity-plan\\\/\",\"name\":\"GBP\\\/USD: Pound off its Lows as Hancock Denies Herd Immunity Plan - 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