Pound Vulnerable Against US Dollar but Sterling-Euro Could Stabilise

From poundsterlinglive.com

Pound Sterling suffered heavy losses against low-yielding funding currencies and perceived safe-havens ahead of the weekend after a new strain of the coronavirus prompted a global market panic, which could have differing implications for GBP/EUR and GBP/USD going forward. Sterling sustained its steepest losses against the safe-haven Swiss Franc on Friday but was also deep in the red against the Japanese Yen and Euro while seeing more modest declines against the U.S. Dollar as investors responded to the discovery of a new coronavirus strain in Africa. The Pound to Euro exchange rate fell almost a full percent owing to ... (full story)