The British pound has fallen sharply in value compared to the dollar and euro following coronavirus-stricken UK PM Boris Johnson’s admission to an intensive care unit after his condition “worsened” in the hospital.
The pound dropped 0.3 percent against the dollar on the announcement Monday night, to the equivalent of $1.2229. Against the euro, it fell 0.1 percent to €1.1326.
The currency was already trading at near historic lows against the dollar in recent weeks as the UK – like many of the world’s economies in the midst of the coronavirus pandemic – struggles to keep its markets afloat.
