Sterling tumbled more than 2% to as low as US$1.3206 as Britain’s biggest port in Dover stopped all traffic heading to the continent, and after another Brexit deadline went past without results. The currency’s one-week implied volatility is the highest for a Christmas period in more than a decade.
LONDON: The pound had its worst day since the coronavirus roiled global markets in March, as a new strain of the pathogen disrupted the UK’s supply chains with Europe.
Sterling tumbled more than 2% to as low as US$1.3206 as Britain’s biggest port in Dover stopped all traffic heading to the continent, and after another Brexit deadline went past without results. The currency’s one-week implied volatility is the highest for a Christmas period in more than a decade.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
