Chat about Novel Coronavirus - 2019-nCoV - COVID-19

If ever there was a time to try a no deal Brexit, now would be it.

“Sterling seems to be driven entirely by investor sentiment,” Mr Bunning said. “I think it’s partly down to the fact that having left the EU, the UK is now less insulated from shocks and less closely linked with this massive economic bloc.”

Paul Jackson, global head of asset allocation research at Invesco, agreed that Brexit had left the UK economy in a compromised position.

“If you are already weakened by an underlying condition (Brexit, in the case of sterling), then the risks are greater,” he said.

Markets are worried that the UK hasn't done what everyone else has done in terms of isolation/lockdown, and our economy has been weakened by Brexit (FDI drying up, exports drying up, companies relocating some or all of their business to the EU), and now Boris is, whenever he is asked, stating that he won't extend transition - so the UK, uniquely, will have a second huge economic shock, just as it's trying to recover from 9 months of COVID-19.