A fresh batch of gloomy economic data and investors’ fears about sharp spikes in new coronavirus infections outshined a strong quarterly rebound.
The International Monetary Fund said the coronavirus pandemic causes a much sharper recession than initially expected and the recovery has a long way to go. Â
While the British economy is being gradually reopened after its coronavirus lockdown Brexit Trade Deal is still the main factor affecting the pound.
A resurgence of COVID-19 cases fuelled markets doubts that the V-shaped economic recovery expected by the market has a long way to go.
Investors are still cautious given the risk of a second wave of Covid-19 infections, despite improved economic data, such as the German business morale record rise.