Pound Whipsawed by Virus Concerns, Relief on Brexit-Talks Offer
- Currency fell 2.5% versus dollar as countries tighten borders
- U.K.’s Johnson makes last-ditched deal push with move on fish
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The British pound slumped the most since March on concerns about a new strain of coronavirus in the U.K., then pared much of the decline as Prime Minister Boris Johnson made another offer to salvage Brexit talks.
Sterling tumbled as much as 2.5% to $1.3188 before recovering most of that in New York afternoon, down only 0.4% to $1.3475 as of 3:25 p.m.