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Sterling falls as COVID-19 death toll rises, no easing of lockdown in sight


Monday, 20 April 2020 16:01 WIB

DOLLARCurrency EuroPoundsterling


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Sterling slid on Monday as the death toll from the novel coronavirus increased and officials said it was too soon to talk about easing the lockdown implemented to stop the virus spreading further.

Britain reported 596 deaths from COVID-19, the respiratory disease caused by the virus, in hospitals in its daily update on Sunday, raising the country’s total to more than 16,000.

Cabinet Office minister Michael Gove said Britain was not considering lifting its lockdown imposed almost four weeks ago to control the coronavirus outbreak given “deeply worrying” increases in the death toll.

Sterling fell 0.3% against both the dollar and the euro, trading last at $1.2468 and at 87.16 pence respectively.

Source : Reuters


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