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 assessments after exhibiting persistent signs 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,” mentioned Foreign foreign money professional, 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 mentioned was a “precautionary step” as a result of he was exhibiting persistent signs of COVID-19 10 days after testing optimistic for the novel coronavirus.

UK Prime Minister rushed to hospital due to persistent coronavirus symptoms

The coronavirus, which emerged in China late final 12 months, has was a worldwide pandemic that has claimed greater than 64,000 lives and paralyzed massive swathes of the world financial system.

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The dollar was little modified at $1.0800 per euro and held regular 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 disaster in a few of the nation’s scorching spots.