{"id":104345,"date":"2020-09-09T08:00:49","date_gmt":"2020-09-09T07:00:49","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=104345"},"modified":"2020-09-09T16:29:06","modified_gmt":"2020-09-09T15:29:06","slug":"104218-gbp-usd-pound-dives-on-brexit-fears-covid-restrictions","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104218-gbp-usd-pound-dives-on-brexit-fears-covid-restrictions\/","title":{"rendered":"GBP\/USD: Pound Dives On Brexit Fears, Covid Restrictions"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-pound-sterling-live-exchange-rate\/\">Pound<\/a> (GBP) is selling off as government bans gatherings of over 6 people<\/strong><\/li>\n<li><strong>No deal Brexit is looking increasingly more likely<\/strong><\/li>\n<li><strong>US Dollar (USD) rises on safe haven flows after US tech sell off<\/strong><\/li>\n<li><strong>Risk sentiment hit after AstraZeneca halts covid vaccine trial<\/strong><\/li>\n<\/ul>\n<p>The <a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-usd-exchange-rate-today\/\">Pound US Dollar exchange rate<\/a> is trending lower for the third straight day. The pair settled -1.3% lower at US$1.2987 on Tuesday. At 06:15 UTC, GBP\/USD trades -0.1% at US$1.2970. The pair trades at a six week low having lost 2.3% so far this week.<\/p>\n<div class=\"su-button-center\"><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-usd-exchange-rate-today\/\" class=\"su-button su-button-style-flat button-internalbutton\" style=\"color:#ffffff;background-color:#f92658;border-color:#c81f47;border-radius:5px\" target=\"_self\"><span style=\"color:#ffffff;padding:0px 22px;font-size:17px;line-height:34px;border-color:#fb688b;border-radius:5px;text-shadow:none\"> Check real time GBP to USD exchange rate<\/span><\/a><\/div>\n<p>Brexit concerns and fears over a second wave of coronavirus have seen the Pound tumble. The government announced emergency measures to attempt to control surging coronavirus numbers by banning all gatherings of more than 6 people in the UK. The drastic move comes as the number of new daily cases jumped to 2420 on Tuesday, with 8000 new cases in just 3 days. The rise in infections are prompting fears of a second wave. The government has also tightened lockdown restrictions in Bolton.<\/p>\n<p>Brexit news also sent the Pound tumbling in the previous session as the prospects of a no deal Brexit become more real. The Government will set out the blueprint for life outside the EU, planning legislation which could break internal law in a limited way.<\/p>\n<p>The safe haven US Dollar is holding firm in risk off trading. Risk sentiment is taking a hit after US technology stocks continue to dive lower. The tech selloff has caught the market by surprise. The US Nasdaq, the tech heavy index closed another 4% lower overnight. Investors fear that there could be broader implications.<\/p>\n<p>Adding to the downbeat news, AstraZeneca has paused its vaccine trials following a suspected adverse reaction in a candidate in the UK. The AstraZeneca and Oxford university vaccine is a front runner in the race for a coronavirus vaccine. Whilst it is a standard procedure to halt trials if an unexplained reaction, it is still hitting sentiment. This is because a vaccine is the quickest and surest route to return to economic growth of pre-covid levels.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) is selling off as government bans gatherings of over 6 people No deal Brexit is looking increasingly more likely US Dollar (USD) rises on safe haven flows after US tech sell off Risk sentiment hit after AstraZeneca halts covid vaccine trial The Pound US Dollar exchange rate is trending lower for the third [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5571,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1381],"tags":[2841,1386,1394,1391,3258,1397,1398],"class_list":{"0":"post-104345","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-usd","9":"tag-astrazeneca","10":"tag-brexit","11":"tag-gbp","12":"tag-pound","13":"tag-tech-stock","14":"tag-us-dollar","15":"tag-usd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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