British Prime Minister Boris Johnson said on Wednesday that they will trigger Article 16 if the European Union doesn't show common sense on the Northern Ireland protocol, as reported by Reuters. 

Commenting on the UK COVID situation, "Provided the current encouraging trends in the data continue, it is my expectation that we will be able to end the last remaining domestic restrictions, including the legal requirement to self-isolate if you test positive, a full month early," Johson said.

Market reaction

The GBP/USD pair clings to its daily gains following these comments and was last seen rising 0.25% on the day at 1.3575.