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Pound stays on back foot as Johnson enters intensive care
Tuesday, 7 April 2020 08:10 WIB | CURRENCIES |Sterling,pound EuroCurrencyDOLLAR

The pound edged lower against the dollar and the euro on Tuesday after British Prime Minister Boris Johnson was moved to intensive care after his coronavirus symptoms worsened.

The dollar held onto gains against the euro, the yen, and the Swiss franc as tentative signs that deaths due to the novel coronavirus in hot spots in the United States and Europe were starting to slow supported risk sentiment.

The yen was steady against major currencies after Japanese Prime Minister Shinzo Abe unveiled fiscal stimulus worth almost $1 trillion and agreed to declare a state of emergency for Tokyo and other parts of Japan to slow coronavirus infections.

The pound traded at $1.2234 on Tuesday in Asia following a 0.3% decline on Monday. Against the euro, sterling slipped by 0.19% to 88.39 pence.

Source : Reuters

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