we continue to follow the breaking news we mentioned at the top of the hour. colorado governor announcing a man in his state has tested positive for the concerning covid mutation now put more than half of the u.k. in a strict lockdown. it is the first case of the variant found in the united states. which experts say could be up to 70% more transmissible than previous strains. this comes as experts are already warning the worse is still ahead of us. even as an average of 2200 americans are dying every day, about 180,000 are testing positive every day and a record 121,000 americans are hospitalized right now with the coronavirus as many hospitals extend their already full icu
British Pound Outlook: Covid Mutation, Brexit Talks Undermine GBP/USD 2020-12-21 08:00:00 Daniel Moss, Analyst
British Pound, Covid-19 Mutation, UK Coronavirus Lockdowns, Brexit, GBP/USD – Talking Points:
Market sentiment notably soured during APAC trade as investors mulled a marked tightening of restrictions in the UK.
The lack of progress in Brexit negotiations and a new strain of Covid-19 may continue to undermine the British Pound in the near term.
GBP/USD poised to extend recent losses after collapsing back below key support. Advertisement
Asia-Pacific Recap
Market sentiment notably soured during Asia-Pacific trade despite an agreement on a much-needed US fiscal aid package, as investors mulled news of a new strain of coronavirus in the UK and the lack of progress in Brexit negotiations.