Minggu, 20 Desember 2020

Pound weakens as markets begin to react to Europe's UK travel bans - Sky News

The pound struggled overnight as Asian markets reacted to news that several European countries had closed their borders to the UK.

The European reaction came after a new strain of the coronavirus prompted parts of the UK to return to stricter rules aimed at limiting its spread.

Also reacting to the continuing lack of progress of a post-Brexit trade deal, the pound slid 0.8% to $1.34 and was down about 0.7% against the euro to 91.36p.

Prime Minister Boris Johnson is to chair an emergency response meeting on later today to discuss the virus situation, with fears that a French ban on freight from the UK could result in food shortages with just a few days to go before Christmas.

That, combined with the lack of a Brexit deal, to cut 1% from FTSE futures and 1.5% from EUROSTOXX 50 futures.

In the US, Senate Majority Leader Mitch McConnell said an agreement had been reached on a COVID relief bill worth about $900bn (£634bn).

Rodrigo Catril, National Australia Bank's senior currency strategist in Sydney, said: "The lockdown news and the stalemate on Brexit is keeping the market nervous.

"Dollar strength is largely being driven by the move lower in the pound."

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https://news.google.com/__i/rss/rd/articles/CBMiZWh0dHBzOi8vbmV3cy5za3kuY29tL3N0b3J5L3BvdW5kLXdlYWtlbnMtYXMtbWFya2V0cy1iZWdpbi10by1yZWFjdC10by1ldXJvcGVzLXVrLXRyYXZlbC1iYW5zLTEyMTY5MDQ10gFpaHR0cHM6Ly9uZXdzLnNreS5jb20vc3RvcnkvYW1wL3BvdW5kLXdlYWtlbnMtYXMtbWFya2V0cy1iZWdpbi10by1yZWFjdC10by1ldXJvcGVzLXVrLXRyYXZlbC1iYW5zLTEyMTY5MDQ1?oc=5

2020-12-21 04:11:48Z
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