Sterling falls as England heads to second national lockdown

Sterling fell to an almost four-week low against the dollar on Monday after England announced a new national lockdown, but analysts said hopes for a Brexit deal prevented a bigger drop for the currency. Prime Minister Boris Johnson announced over the weekend that a one-month lockdown across England would start on Thursday with Britain registering more than 20,000 new coronavirus cases a day and scientists warning the “worst case” scenario of 80,000 dead could be exceeded this winter. Senior cabinet minister Michael Gove said the one-month lockdown could be extended further, while finance minister Rishi Sunak said he is hopeful the lockdown will be lifted in December.

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