RationalFX : Sterling fell on Monday after it was announced that Prime Minister Boris Johnson was being sent to intensive care due to persistent Coronavirus symptoms…..
During this time, Foreign Secretary Dominic Raab will be deputising for him and investors are unsure on how this will affect the Covid-19 response. One thing is for sure, markets hate uncertainty and this does not bode well for the immediate future and possible Brexit trade negotiations,
Despite this, market optimism seems to be returning due to the possible tapering of the virus in Europe and the United States. Italy and Spain have started looking ahead to easing lockdowns after a steady fall in fatality rates, whilst the Governors of New York and New Jersey have tentatively said that the outbreak is showing signs of “flattening”.
Source : ETFWorld.co.uk