By Yasin Ebrahim
Investing.com – The pound cut some of its losses on Monday after U.K. Prime Minister Boris imposed stricter lockdown measures on Monday, and confirmed the restrictions will be in place for at least three weeks as the country battles to combat the Covid-19 pandemic.
fell 1.03% to $ 1.1513 after hitting a low of $ 1.1448 earlier on Monday.
The prime minister conceded that the measures would disrupt daily life and businesses, but insisted the government would offer support at a time when coronavirus infections have jumped in the country.
The stricter measures, which include limiting gatherings of more than two people in public, will be reviewed in three weeks, Johnson added.
in the U.K., coronavirus infections jumped 967 to 6,650 on Monday from 5,683 a day earlier.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.