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FTSE 100, British Pound Crashes Vs Euro And Dollar Amid New Strain, UK Covid-19 Freight Blockade: Exchange Rates Today 21 12 2020

- Two-day ban on all accompanied freight. - Brexit talks miss another deadline, just 10 days to go to Hard Brexit. The Pound to Euro exchange rate is -0.97% lower @ €1.08676 on 21.12.2020 The Pound to Dollar exchange rate is -0.97% lower @ $1.32713 on 21.12.202 Find out how to secure the best exchange rates on your money transfers here Pound Sterling (GBP) Exchange Rates The Pound to Dollar exchange rate (GBP/USD) suffered a substantial loss at the start of the week, dropping 1.3% to the middle of the 1.33 handle. Now some way off its recent peak above 1.36, a vulnerable looking Sterling has snapped lower amid a flurry of negative headlines over the weekend.

GBP/AUD Outlook: Pound To Australian Dollar Rate Slumps But Coronavirus Fears Could Limit Gains

Uncertainty over the fate of the Brexit process was already weighing on the Pound, before concerns over a new strain of coronavirus Covid19 in the UK weighed heavily on the British Pound to Australian Dollar (GBP/AUD) exchange rate. While this news is hurting the Pound Sterling (GBP) most, it is also weighing on market risk sentiment and causing the Australian Dollar’s (AUD) recent bullishness to slow. Last week saw According to Lee Hardman, Analyst at MUFG Bank: ‘It will increase pressure on the government to roll out vaccines to the old and vulnerable more quickly in a race against time. The new tougher restrictions will likely have to remain place until there has been greater vaccine rollout which could take months. At the current juncture, we are working on the assumption that vaccines will still prove effective against the new strain but it is not yet clear. As a result, the economic slowdown willprove deeper and extend further into nextyear. It will dampen optimism

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