Sterling falls 1% amid virus mutation, but Brexit hopes rise reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
WARNINGS are being issued about food shortages if the border between the UK and the continent which has caused chaos at ports on the English Channel is not reopened. Crisis talks between Britain and France are continuing in an effort to resume trade flows to the continent. More than 1500 lorries are backed up in Kent, unable to make the crossing to France, with drivers having spent a second night sleeping in their cabs. UK Home Secretary Priti Patel said the Government is speaking constantly with France to achieve a resolution in both our interests to get freight moving again. But she defended the Government s handling of the pandemic, insisting ministers had been ahead of the curve in tackling coronavirus.
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Sputnik International
Sterling remains under pressure amid virus and Brexit
Updated / Tuesday, 22 Dec 2020
17:13
Sterling lower but recovers from a 10-day low as hopes of progress in Brexit talks helped to take some pressure off
Sterling fell as Britain remained stuck in Covid-19 isolation due to a new coronavirus strain, although hopes of progress in Brexit talks helped to take some pressure off the British currency.
With days to the end of a Brexit transition period on December 31, the pound had fallen below $1.32, weakening by as much as 2.5% on Monday as much of the world closed borders to the United Kingdom after London identified a highly infectious coronavirus strain.
More areas of England moved to highest coronavirus alert level
The UK has reported 1,913,277 COVID-19 cases so far while the death toll stands at 65,520.
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People wearing face masks to protect against coronavirus as they walk past a pub in Soho, London. (Photo | AP) By PTI
LONDON: More areas of England were moved into the highest coronavirus alert level of Tier 3 on Thursday, a day after London and surrounding areas were brought under similar toughest lockdown restrictions due to the rising cases of COVID-19.
UK Health Secretary Matt Hancock updated the House of Commons on the fortnightly review of the three-tier lockdown regime and included Bedfordshire, Buckinghamshire, Berkshire, Hertfordshire and parts of Cambridgeshire, Surrey, East Sussex and Hampshire in Tier 3 which imposes a ban on inter-household mixing indoors with only takeaways and deliveries allowed at hospitality venues.