The British pound to dollar exchange rate opened on Monday hep down. The reason is in addition to unresolved Brexit issues, a new strain of coronavirus that has been discovered in the country.
Of course, this is a negative signal not only for the pound, but also for the global economy, but so far the GBPUSD quotes are reacting the strongest. Some Asian countries are already saying that they plan to close all airports for airplanes from the EU and the UK, which has new consequences for the oil market and associated.
We assume that the pound exchange rate will continue to decline until the New Year if there is no positive news on Brexit. The dynamics of the fall is difficult to assess. The nearest support is at 1.315.
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