Reuters
The pound fell against the dollar and the euro on the first trading day in Britain after leaving the European Union, due to warnings of tightening isolation measures in the United Kingdom.
The warnings overshadowed the optimism sparked by the last-minute signing of a trade agreement between London and Brussels.
The pound rose against the dollar in early trading in the London market, surpassing the level of $ 1.37 for the first time since 2018, but this rise was driven by the weakness of the dollar and not the strength of the sterling.
Analysts point to the Corona virus and the uncertainty surrounding the future of the relationship between Britain and the European Union as factors pressing on the sterling.
Source: “Reuters”
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