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Foreign travel advice Indonesia
FCDO advises against all travel to parts of Indonesia.
Foreign travel advice Romania
Warnings and insurance Still current at: 24 April 2024 Updated: 23 April 2024 Latest update: Information related to drug offences and Romanian music festivals (under 'Laws and cultural differences' subheading on the 'Safety and security' page).
Foreign travel advice The Gambia
Warnings and insurance Still current at: 23 April 2024 Updated: 22 April 2024 Latest update: Ferry services between Banjul and Barra have been suspended until further notice; The Islamic Summit of the OIC (Organisation of Islamic Cooperation) will be held in Banjul on 4-5 May; road closures and delays at Banjul International Airport ('Safety and security' page).
Foreign travel advice China
Warnings and insurance Still current at: 23 April 2024 Updated: 22 April 2024 Latest update: Updated information on flooding (‘Safety and security’ page).
Guidance Living in South Korea
Information for British citizens moving to or living in South Korea, including guidance on residency, healthcare, driving and more.
Another potentially big day for the pound as leadership challenge continues to loom.
Reports circulated yesterday morning that there were growing numbers of MPs ready to submit letters of no confidence in Theresa May, but despite this, GBP/USD held steady. It was only as she addressed the CBI conference later in the day that GBP/USD shed a quick 70-80 points, albeit she didn’t say anything we hadn’t already heard before.
There turned out to be good support at and just under the big 1.28 figure and it wasn’t long before Cable recovered, helped in part by a softening greenback. The pair has held firm and traded a steady range overnight, despite news that DUP MPs abstained on a series of votes on the Finance Bill yesterday evening, in protest of the current agreement. On one occasion they voted with Labour to cut the government's majority to just five. The DUP have warned Theresa May to "keep her side of the bargain" saying the backstop would result in new regulatory barriers between Northern Ireland and the UK.
It’s another potentially big day for the pound with BoE Governor Carney speaking, along with other MPC members, following the release of the central bank’s inflation report. The threat of a leadership challenge is still looming, too, and herein lies bigger potential for a negative GBP shock.