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UK PM Johnson's spokesman: PM to discuss coordinated action overnight with BoE Governor

British Prime Minister Boris Johnson will discuss the latest developments in global markets and a coordinated action overnight with Bank of England Governor Bailey and Finance Minister Sunak, a government spokesman told reporters on Monday, per Reuters.

"PM will discuss social distancing measures to protect elderly and vulnerable at government emergency meeting on Monday," the spokesman added. "We continue to hold discussions with the EU on facilitating talks on the future relationship to take place."

GBP/USD reaction

The GBP/USD pair struggles to gain traction despite the broad-based USD weakness and was last seen trading at 1.2290, adding only 0.11% on the day.

Coronavirus update: Confirmed cases in Spain jump to 8,744, 853 fatalities in Iran

The total number of confirmed coronavirus infections in Spain rose to 8,744 on Monday from 7,753 with 2917 fatalities, Reuters reported on Monday, cit
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EUR/JPY Price Analysis: Further rangebound likely

Renewed buying pressure in the Japanese currency is dragging EUR/JPY to the 118.00 neighbourhood at the beginning of the week. The daily recovery fail
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