Government announce major local lockdown covering Greater Manchester, East Lancashire and parts of West Yorkshire.
Separate households are banned from meeting indoors from midnight tonight. This is significantly larger than Leicester's lockdown.
The BBC reported that the Health Secretary Matt Hancock said an "increasing rate of transmission" had been identified in those areas.
"The spread is largely due to households meeting and not abiding to social distancing," he said.
He also said the same restrictions will apply to the city of Leicester.
Millions of people in Greater Manchester, Blackburn with Darwen, Burnley, Hyndburn, Pendle, Rossendale, Bradford, Calderdale, Kirklees will be affected by the tightening of restrictions.
BBC Newsnight correspondent Lewis Goodall said the Department of Health and Social Care had confirmed the restrictions will apply to all indoor settings - so it will mean that no two households should meet in places including pubs and restaurants,
the BBC wrote.
"We take this action with a heavy heart, but we can see increasing rates of Covid across Europe and are determined to do whatever is necessary to keep people safe," Mr Hancock.
It comes nearly four weeks after restrictions were eased and people were allowed to meet indoors.
On Thursday, a further 38 people in the UK died, bringing the total number of Covid-19 associated deaths to 45,999.
Market implications
There has been no material impact on cable, thus far, although the outlook for the pound is a lot bleaker on this news.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks

AUD/USD recovers further to 0.6000 despite escalating US-China trade war
AUD/USD is building on its recovery from its lowest level since March 2020, retesting 0.6000 in Wednesday's Asian trading. The pair's upside appears elusive as officials confirmed that the US will proceed with a sweeping 104% tariff on Chinese imports starting this Wednesday.

USD/JPY: Japanese Yen strengthens further as recession fears boost safe-haven demand
The Japanese Yen continues to benefit from US tariffs-inspired global flight to safety. Hopes for a US-Japan trade deal further underpin the JPY amid sustained USD selling. The divergent BoJ-Fed expectations support prospects for deeper USD/JPY losses.

Gold price extends its consolidative price move near multi-week low
Gold price remains confined in a range near a multi-week low touched on Monday amid mixed fundamental cues. The widening global trade war and recession fears lead to an extended sell-off in equity markets worldwide. Moreover, bets for more aggressive Fed rate cuts and a weaker USD act as a tailwind for the bullion.

Bitcoin, Ethereum and Ripple target $73,000 BTC, $1,300 ETH, and $1.30 XRP
Bitcoin price hovers around $76,200 on Wednesday after falling 3.59% the previous day. Ethereum and Ripple followed BTC’s footsteps and continued their downward trend.

The Fed is looking at a hefty price level
We are still in thrall to tariffs, the faux-macro “data” driving markets. The WSJ editorial board advised other countries to take their tariffs to zero so that Trump’s “reciprocal” tariffs will have to be zero, too. Cute, but no cigar.

The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.