# British pound plunges amid COVID mutation, Brexit fears | Coronavirus pandemic News | Al Jazeera

> Sterling fell as much as 2.5% to $1.3188 after a new COVID-19 strain was reported in the UK and another Brexit deadline passed without a deal. Dover halted traffic to the continent, and the pound recovered most of the loss after Boris Johnson made a new offer to salvage talks.

- Date: 2020-12-21 · published 2020-12-21T12:00:00.000Z
- Category: macro · region UK · magnitude medium
- Page: https://feedsoft.ai/events/49911-british-pound-plunges-amid-covid-mutation-brexit-fears-coronavirus-pandemic
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A weaker pound raises the sterling cost of dollar-priced feed and grain imports into the UK, while Dover disruption threatens feed delivery times. The price effect on grain futures is limited.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- aljazeera.com: https://www.aljazeera.com/economy/2020/12/21/bb-british-pound-plunges-amid-covid-mutation-brexit-fears

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.