Following announcements that the UK will be easing the outbreak lockdown, the Pound to Australian Dollar (GBP/AUD) exchange rate returned on foot. The pair remained unchanged, traded at 1.8617.

British Prime Minister Boris Johnson stated that all non-essential retailers may reopen in the United Kingdom from the 15th of June. 

He said, “[Retailers will need to] meet the necessary social distancing and hygiene standards. Shops now have the time to implement this guidance before they reopen. I want people to be confident that they can shop safely, provided they follow the social distancing rules for all premises.”

GBP investors welcomed the news, but the Pound failed to hold its ground against the Australian Dollar on Tuesday morning. The British currency also received hits following prime minister’s chief adviser Dominic Cummings’ breaking of lockdown measures.

As the market mood remains upbeat, the Australian Dollar found support as more countries started to ease their lockdowns, indicating at hope at the end of this pandemic. 

Boosting hopes was the U.S.’s Novavax which began Phase 1 clinical trials for a potential coronavirus vaccine.

Traders are now looking for the latest developments from the trade war between the U.S. and China. Tension escalated recently as both nations pointed at one another as the origins of the virus.