The Pound has continued to experience volatility following news that PM Johnson has been taken to an intensive care unit after he failed to recover from his symptoms. However, Housing Secretary Jenrick said that he heard that the Prime Minister is doing well which helped stabilise the Pound from any political uncertainty for the time being.

Going forward, the market will pay close attention to Johnson’s condition before deciding what appetite they have for the Pound. The UK’s coronavirus death toll has reached 5,373 with the number of new deaths and cases falling for the second day in a row.

Germany’s economy minister Altmaier has said that there is not enough data to support loosening the lockdown restrictions just yet. Reports suggest that Italy may start to gradually end lockdown measures by 4th May at the very earliest. German industrial production for the month of February beat the market’s expectations, although this was before the coronavirus spread rapidly through Europe. The Ifo institute suggests that the same figure for the month of March will show a large drop. The Euro remains largely under pressure as investor confidence data was released much worse than expected yesterday.

Speaker of the House of Representatives Pelosi has said that she is in favour of further direct payments being given to all Americans, with President Trump suggesting that he may be in agreement. The number of new coronavirus cases in New York has dropped as well, which led to the Dollar losing some ground initially. Trump has said that he is aiming to lift restrictions in the US by 30th April.