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Sterling slumps nearly 2% on U.K. border closures and lack of Brexit progress

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The British pound fell sharply on Monday as traders reacted to news that several European countries and Canada had banned travel from the U.K. due to a faster-spreading strain of coronavirus.

The pound
GBPUSD,
-2.05%

slid nearly 2% to $1.3254, while FTSE 100
UKX,
-1.19%

dropped 1.1% to 6,454.03. Oil prices
CL.1,
-3.97%

tumbled more than 3% as fresh concerns about the virus weighed.

“Markets have adopted a light at the end of the tunnel approach since Pfizer
PFE,
-0.92%

and Moderna’s
MRNA,
-2.62%

vaccines burst onto the stage. However,…



Source marketwatch.com

Investors monitor new coronavirus strain

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