Sterling on the backfoot as UK maintains lockdown | Malay Mail

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LONDON, April 16 — The pound slipped slightly against the dollar and euro today as the UK government said the novel coronavirus outbreak was starting to peak but it would be premature to lift a country-wide lockdown. The British government is currently discussing a review of social distancing...

A couple walk their dog on an almost empty Westminster bridge as the spread of the coronavirus disease continues, in London, Britain, March 26, 2020. — Reuters pic

Versus a stronger dollar, the pound was down 0.38 per cent at US$1.2463 while it weakened 0.11 per cent against the euro, to 87.18 pence. Speaking before health minister Matt Hancock said the virus would “run rampant” should measures be lifted now, Michael Hewson, chief market analyst at CMC markets said the lockdown extension was already priced into the pound.

As the coronavirus pandemic continues, worldwide cases have reached 2 million although lockdown measures have slowed growth around the world.

 

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