The Pound lost more than one percent to both the Euro and the Dollar during early Monday trading. Several countries in the EU and elsewhere imposed border restrictions to the circulation of freight and passengers from the UK, as concerns grow over a new strain of the coronavirus that appears to have originated in Britain and spreads at a faster rate. The scenario is worrying because this latest blow could exacerbate the social and economic impact of the ongoing pandemic in the country. Coupled with Brexit-related tensions – which remain on the wire after another deadline was missed on Sunday night – the new developments are increasing the pressure on the Pound as investors’ levels of anxiety over the future of the British economy once again are on the rise.
