Sterling drops after Boris Johnson unveils tougher lockdown restrictions
The British pound fell on Tuesday, after the British Prime Minister Boris Johnson revealed a plan to tighten the lockdown restrictions in the UK.
Johnson stated that his plan aims to halt a second wave of infections by earlier closing times for pubs and restaurants, and will fine citizens for not wearing face masks.
The British Prime Minister stressed that the new restrictions could stay in place for the next six months, and threatened to close and fines for any company that does not adhere to the social-distancing guidelines.
Johnson announced these measures in a speech before the house of commons today, ahead of a televised speech to inform citizens.
The United Kingdom reported 4,926 new Covid-19 cases on Tuesday, which is the highest daily increase since last May.
As of 22:02 GMT, GBP/USD fell 0.6% to 1.2734, after hitting a day high of 1.2737 and a low of 12733.
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