# Pound Falls After Virus Lockdown Confusion Adds to Brexit Muddle

> Sterling fell as much as 1% against the dollar, its largest drop in three weeks, after Prime Minister Boris Johnson's comments on virus lockdown confusion added to concerns over UK-EU trade talks. The pound had already been weighed by trade uncertainty and the economic fallout from the virus.

- Date: 2020-06-01 · published 2020-06-01T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/53391-pound-falls-after-virus-lockdown-confusion-adds-to-brexit-muddle
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Political and trade uncertainty pressures sterling lower, which can shift the cost of UK-priced imports and affect feed-buying decisions.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-05-11/pound-falls-as-confusion-on-lifting-lockdown-adds-to-uncertainty

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