European stocks fall, and the pound is tumbling

European shares fell at the stock market open on Monday, and the British pound collapsed after the discovery of a new strain of the highly contagious coronavirus in Britain, which raised fears among traders greatly.

The benchmark FTSE 100 index fell more than 1%, while the eurozone indices fell more than 2%, in addition to the trade sector being affected as talks between Britain and the European Union continued to fail to reach an effective post-Brexit trade agreement (post-Brexit). Brexit), the euro rose 1.4% against the pound, which also fell 1.9% against the US dollar.

Today, British Prime Minister Boris Johnson chaired a meeting on the crisis, with the increasing number of countries banning flights from Britain after the discovery of a new strain of the Corona virus more contagious than the previous one, and the United Kingdom said that the situation “has gotten out of control”, thus overshadowing the Positive news is on the other side of the Atlantic, as US policymakers have reached a $900 billion deal to form a new fiscal stimulus package to rescue the country from the COVID-19 crisis and support American citizens who have been severely affected by the pandemic.

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