FX

Germany relaxes restrictions for travelers from UK and other countries

Late Monday, Reuters unveiled good news for travelers from the UK, India, Portugal and Russia suggesting their citizens can now travel to Germany and quarantine on arrival for 10 days.

“The quarantine period can be shortened to five days if they test negative for COVID-19,” added Reuters.

The news also mentions, “Prior to the change in classification, travelers from the four countries were banned from entering Germany unless they were residents, in which case they had to quarantine for 14 days on arrival.”

Elsewhere, Japan’s Nikkei said, “Japan is set to extend its coronavirus quasi-state of emergency in Tokyo and three nearby prefectures a little more than two weeks ahead of the opening of the Olympic Games.”

FX implications

While the GBP/USD prices started picking up bids following the news, around 1.3860 by the press time, S&P 500 Futures also begin Tuesday with mild gains.

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