Sterling falls on fears of another Covid-19 lockdown

Economies.com
2020-09-21 20:07PM UTC

The British pound fell against most major currencies on Monday, amid fears over the return of the lockdown restrictions in the UK due to the rising number of coronavirus infections.

 

The Mayor of London Sadiq Khan said he has held an emergency meeting with the British government to discuss imposing more lockdown restrictions due to the rising number of coronavirus infections.

 

British Prime Minister Boris Johnson stated before the Parliament that his cabinet was considering re-imposing another lockdown in efforts to contain the spread of the coronavirus.

 

As for the Brexit talks, negotiations between the UK and the European Union have not resulted in any tangible progress so far towards a flexible exit deal.

 

The US Democratic presidential candidate Joe Biden said that there would be no good trade deal between the US and UK if it doesn't secure a deal with the EU that respects Northern Ireland border agreement.

 

As of 21:06 GMT, GBP/USD fell 0.8% to 1.2814, after hitting a high of 1.2966 and a low of 1.2776.

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