Asian stocks falter as new Covid-19 strain shuts UK

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Pound slides as a new strain of coronavirus offsets news that a deal has finally been struck on a US stimulus bill

Foreign exchange traders monitor screens in Tokyo, Japan. Picture: GETTY IMAGES/CARL COURT

Prime Minister Boris Johnson will chair an emergency response meeting on Monday to discuss international travel and the flow of freight in and out of Britain. In the US, Republican US Senate majority leader Mitch McConnell said an agreement had been reached by congressional leaders on a roughly $900bn Covid-19 relief bill.

BofA chief investment strategist Michael Hartnett said a “sell signal” had been triggered for the first time since February as cash levels declined to 4% in the latest Global Fund Manager Survey.

 

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