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The British Pound is said to face a challenging November amidst fears its second national lockdown for England, announced on Saturday, could trigger an economic slump that will see many businesses close permanently and result in a swathe of job losses, potentially overshadowing any positive developments concerning Brexit.

Prime Minister Boris Johnson appeared alongside the government's most senior medical advisers Chris Whitty and Patrich Vallance to announce the scrapping of the tiered system of local lockdowns in England in favour of a nationwide lockdown which would be more severe and therefore poses a substantial risk to under-pressure businesses and jobs.

Stock prices in London are also lower this morning amid investor trepidation ahead of a week with two major central bank decisions, as well as the US election.

This morning we see the Pound to Euro exchange rate -0.1% lower, trading at €1.10924 and the Pound to US Dollar exchange rate -0.16% lower, trading at $1.29059.

“Pound Could be in for a Long, Hard November” against Euro and Dollar say Experts

The British Pound is said to face a challenging November amidst fears that a second lockdown in England could trigger an economic slump that will see many businesses close permanently and result in a swathe of job losses, potentially overshadowing any positive developments concerning Brexit.
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