Pound sterling PLUNGES after PM Johnson moved to ICU due to Covid-19

The British pound

The British pound has fallen sharply in value compared to the dollar and euro following coronavirus-stricken UK PM Boris Johnson’s admission to an intensive care unit after his condition “worsened” in the hospital.

The pound dropped 0.3 percent against the dollar on the announcement Monday night, to the equivalent of $1.2229. Against the euro, it fell 0.1 percent to €1.1326.

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