The new strain of COVID-19 sweeping London has triggered travel bans in most of Europe. France went further with a ban on shipping transports, causing disruptions in supply chains before Christmas.
The travel restrictions follow Britain’s decision to set nNew Level 4 lockdowns in London and the South East, after the rapid spread of the virus.
The virus mutation is spreading faster than previous versions, as it is up to 70% more transmittable. So far, there is no evidence that this variant of the coronavirus is more deadly or resistant to vaccines.
He GBP/USD it fell about 250 pips on Monday, falling to an eight-day low at 1.3265 after closing at 1.3521 on Friday. At time of writing, the pair is trading above 1.3289, shedding 1.53% on the day.
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