British Prime Minister Boris Johnson said on Monday that they are looking at the possibility of reducing the quarantine period to five days from seven, as reported by Reuters.

Johnson further added that they are making great progress in seeing off Omicron but noted that the number of cases in the hospital was still increasing. "Around 30% of cases were contracted in hospital, this is not acceptable," he further said.

Market reaction

These comments don't seem to be having a noticeable impact on the British pound's performance against its rivals. The GBP/USD pair was last seen trading at 1.3585, where it was unchanged on a daily basis.