LONDON MARKET CLOSE: Strong pound hurts FTSE as lockdown set to ease
Mon, 10th May 2021 17:00
(Alliance News) - Stocks in London ended lower on Monday, with the internationally-exposed FTSE 100 stifled by an appreciating pound, as the UK prepares for further easing of lockdown restrictions next week.
The Covid-19 alert level in the UK has been downgraded after a consistent fall in cases, hospital admissions and deaths.
The four chief medical officers of the UK have said the threat level should be lowered from level 4 to level 3 , thanks to the success of the vaccination programme and social distancing restrictions.
This means that the epidemic is in general circulation, but transmission of the virus is no longer deemed to be high or rising exponentially.
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The Straits Times
UK, EU seek to calm Northern Ireland tensions after spat
Staff in Northern Ireland conducting post-Brexit checks on goods crossing the Irish Sea have faced intimidation and threats in recent weeks.PHOTO: AFP
PublishedFeb 4, 2021, 7:43 am SGT
https://str.sg/Jrcd
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Brexit timeline (Image: Express)
He told PMQs yesterday: “We will do everything we need to do, whether legislatively or indeed by triggering Article 16 of the protocol, to ensure that there is no barrier down the Irish Sea.”
The protocol was one of the main sticking points during negotiations between the EU and the UK last year.
It aims to prevent checks on goods moving between Northern Ireland and Ireland and to avoid a hard border between the two.
Under the Brexit trade deal, signed in December, certain goods entering Northern Ireland from the UK are subject to checks on arrival as the country remained part of the European single market.