Uncertainty over a new variant of coronavirus which appears to be faster spreading has sent stocks lower in UK and Europe this morning. The Pound has also fallen sharply with more severe lockdown restrictions being implemented in London and the south-east of England and European countries shutting their borders to UK travellers. Negotiations between the UK and the EU over a post-Brexit trade deal remain unresolved and could be complicated further by the situation.
US stock index futures are holding up better than European markets this morning. News that a deal on a $900 billion stimulus package has been reached and is expected to be voted on today has provided some respite from the negative news elsewhere.
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