New virus strain tumbles global stocks, oil prices, pound

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Global stocks fall along with oil prices and British pound, as highly infectious coronavirus strain in UK has traders seeking shelter

Lorry drivers stand and talk with the parked-up freight trucks at the Port of Dover in Kent, southeast England, on December 21, 2020.

While experts say there is no evidence the UK variant of the virus – one of several mutations – is more lethal or will affect the impact of vaccines, it may be up to 70 percent more transmissible, according to early data. Fears about the new Covid-19 strain blunted the boost from the deal hammered out by US legislators on a $900 billion relief package after months of wrangling between Democrats and Republicans.

"Coming at a time when another Brexit deadline has been missed... it's no surprise to see sentiment taking a big hit."Over 16 million Brits in lockdown

 

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