Coronavirus threat looms large over financial markets

Funeral parlour staff members in protective suits help a colleague with disinfection after they transferred a body at a hospital, following the outbreak of a new coronavirus in Wuhan, Hubei province, China January 30, 2020. Picture taken January 30, 2020. China Daily via REUTERS

ONE of the main events of the week was supposed to be Brexit and a possible interest rate cut by the Bank of England.

However, the BOE decided to postpone a cut, thus following the US’s Wednesday decision by keeping interest rates in a range between 1.5% and 1.75%, where it has been since the latter part of last year.