The updated COVID-19 collapsed the quotes of the pound sterling

Pound / dollar exchange rate online

The British pound against the dollar opened with a gap down on Monday. The reason is in addition to unresolved issues over Brexit, 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 world economy, but so far the GBPUSD quotes are most responsive. Some Asian countries are already talking about planning to close all airports to aircraft from the EU and the UK, which entails new consequences for the oil market and related to it.

We assume that the pound 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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