He GBP / USD has tumbled below 1.3200, dropping about 320 pips on the day. The new strain of covid circulating in London is sparking a sell-off amid travel bans in Europe and potential supply chain problems before Christmas.
The Prime Minister of the United Kingdom has called a Cobra cabinet emergency meeting to discuss the rapidly deteriorating situation. The French Transport Minister has said it plans to set up a European-wide mechanism to allow traffic flows with the UK to resume.
GBP / USD has fallen to 10-day lows at 1.3189 and, at the time of writing, it operates on 1.3195, losing 2.22% daily.
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