UPDATE 1-Sterling falls against dollar and euro as UK lockdown shows no signs of easing [Reuters]
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Source: Reuters
Sterling falls against dollar and euro as UK lockdown shows no signs of easing LONDON (Reuters) - Sterling fell against both the dollar and the euro as Britain showed no signs of easing its lockdown, even as other European countries laid out plans to re-open their economies, boosting global risk appetite. Greece, France, Spain, Portugal and Italy have all set out their plans to ease lockdown measures in the past few days, boosting market optimism about an economic recovery. But Britain, which is expected to have one of the worst coronavirus death tolls in Europe, has said it is too early to talk of easing the lockdown and that it will not review social distancing guidelines until May 7. A contact-tracing app which would be essential in easing the lockdown measures in Britain could be ready in two to three weeks, a senior official said on Tuesday, leading investors to estimate that the lockdown will continue until at least the second half of May. The lack of information about lifting t
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