Pound falls against the dollar after coronavirus-stricken Johnson was taken to hospital

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The pound fell against the dollar and euro on Monday after British Prime Minister Boris Johnson was admitted to hospital for tests after showing persistent symptoms of the coronavirus.

“When a head of state or government is stricken like this, it will cause concern for holders of sterling and sterling assets,” said Foreign currency expert, Masafumi Yamamoto.

The pound fell 0.44% to $1.2215 on Monday in Asia.

Against the euro, sterling fell 0.35% to 88.49 pence.

Johnson was admitted in what Downing Street said was a “precautionary step” because he was showing persistent symptoms of COVID-19 10 days after testing positive for the novel coronavirus.

UK Prime Minister rushed to hospital due to persistent coronavirus symptoms

The coronavirus, which emerged in China late last year, has turned into a global pandemic that has claimed more than 64,000 lives and paralyzed large swathes of the global economy.

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The dollar was little changed at $1.0800 per euro and held steady at 0.9769 Swiss franc.

U.S. President Donald Trump on Sunday expressed hope that the United States was seeing a “leveling-off” of the coronavirus crisis in some of the nation’s hot spots.

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