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FTSE 100 SHORT

by SignalFactory   ·  March 30, 2020 | 06:03:23 UTC  

FTSE 100 SHORT

by SignalFactory   ·  March 30, 2020 | 06:03:23 UTC  

British Prime Minister Boris Johnson has coronavirus — what happens when a world leader tests positive?

British Prime Minister Boris Johnson has tested positive for the coronavirus and will now be in self-isolation as he leads the nation’s response to the pandemic.

The U.K. health secretary Matt Hancock also tested positive on Friday, complicating the government’s ongoing response to the crisis.

Johnson said he had developed “mild symptoms” — an elevated temperature and a persistent cough — and took a COVID-19 test on the advice of the U.K.’s chief medical officer.

Queen Elizabeth, who last met Johnson on Mar.11 – more than two weeks ago – remains in good health, Buckingham Palace confirmed. Her son Prince Charles tested positive earlier this week.

The prime minister said Friday that he is working from home and will be self-isolating following his diagnosis — in line with his government’s advice to the public. Johnson is expected to stay at his home above 11 Downing St. but insisted that will not impact his ability to lead the country.

The pound GBPUSD, -0.289% initially fell following the news but has recovered most of those losses to trade 0.3% up for the day at $1.2239. The FTSE 100 UKX, -5.25% has extended its losses since the Prime Minister’s diagnosis.

Just hours later the U.K. health secretary Matt Hancock revealed he had also tested positive, with mild symptoms, and would be working from home and self-isolating.

The government-appointed Foreign Secretary Dominic Raab as the “designated survivor” earlier this week, in the event Johnson were to become too ill to lead.

Johnson, 55, will have to isolate from his pregnant fiancée, Carrie Symonds. Pregnant women have been advised to be “particularly stringent” in following social distancing measures. The daily public briefing, in which Johnson has been flanked by medical experts and cabinet ministers, will change and Johnson is not expected to attend in the coming days.

Johnson will self-isolate, living and working from No. 11 Downing Street, which has been sealed off from No.10. Food will be left outside the door for the former Mayor of London, the BBC reported.

Reuters reported via Treasury sources on Friday that Sunak, a prominent figure in recent weeks as he has unveiled some economic packages to protect businesses and workers, isn’t self-isolating.

Aside from Sunak, Johnson has been near many other top officials leading the country’s response to the pandemic, which may lead to more testing and certainly more concern inside No. 10.

In recent days, the government has ramped up restrictive social measures in a bid to slow the spread of the virus; urging people to stay at home; and closing pubs, restaurants, and other social venues.

FTSE 100 SHORT (Sell)

ENTER AT: 5470.8

T.P_1: 5423

T.P_2: 5250.1

S.L: 5580.8

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