is trading lower in early trade, although off session lows, as UK government steps up its response to the coronavirus outbreak and the UK prepares itself for an Italian style lock down amid a jump in the number of coronavirus deaths.
Boris Johnson has warned that he is considering additional restrictions to movement as the public flout recommendations for social distancing. The UK government has already closed pubs, clubs, gyms and restaurants. Unessential retailers could also be closed in addition to parks.
The UK also suspended its rail franchise system as passenger numbers slump. This has been done for 6 months prompting fears that the coronavirus hit will last much longer than the 12 weeks that Boris Johnson mentioned last week.
Adding to the pounds pain is the Brexit question. Boris Johnson has so far been adamant that the Brexit transition will go ahead regardless of the coronavirus delay. EU Chief negotiator Michel Barnier has been…
