The Pound is afraid of new strains. Overview for 21.12.2020
GBPUSD is falling towards its two-week lows and may move much lower due to a harsher lockdown in the United Kingdom.
The British Pound is getting weak quickly against the USD on Monday afternoon. The current quote for the instrument is 1.3240.
The Brexit complications, which worried everybody last weekend, were put on the back burner because the United Kingdom is introducing a new lockdown due to a new COVID-19 strain, a more aggressive and mobile than the previous one.
The Scientific Advisory Group for Emergencies (SAGE) has already reported that the strain that was identified in the United Kingdom has a very high attack rate and may infect many more people than expected earlier.
All somehow COVID-related severe restrictions will remain in effect until the vaccination procedure starts. However, there are no ready vaccines, which proved to be totally efficient.
In the meantime, December 31st, the date when the United Kingdom must exit the European Union after agreeing on all trade and economic issues, is just 10 days away.
All this taken together makes the Pound rather nervous with the possibility of further decline.
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