Pound slides lower as European borders close to UK

The pound slipped against the dollar in Asia trading on Monday as several European countries closed their borders to the UK. The UK currency fell by 1.2% amid renewed concern about Covid-19 cases in the UK and another EU missed deadline. The US dollar was buoyed after a $900bn plan to help its economy weather the coronavirus pandemic was agreed on. Post-Brexit trade talks are set to continue on Monday between negotiators. The UK and the EU are trying to reach a trade deal before the Brexit transition period ends on 31 December.The stalled negotiations have been partly responsible for the pound fluctuating over recent … (full story)

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