Pound collapses against the dollar on Monday as British Prime Minister Boris Johnson moves to intensive care with coronavirus

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As of Monday afternoon, the British pound fell against the US dollar after British Prime Minister Boris Johnson was transferred to the intensive care unit. The British Prime Minister was struck by the intensification of COVID-19 symptoms for more than a week and was hospitalized as a precaution on Sunday at London’s St Thomas’s Hospital. However, his condition has worsened, according to reports. “During this afternoon, the Prime Minister’s condition worsened and, on the advice of his medical team, he was transferred to the intensive care unit of the hospital,” reads in a press release from 10 Downing. Foreign Secretary Dominic Raab will replace Johnson “if necessary,” the statement said. British pound
GBPUSD,
-0.37%

was down 0.2% from the US dollar on Monday afternoon, changing hands to $ 1.2242, but was around $ 1.23 before the Johnson move report. An exchange traded fund that tracks the UK stock market was still in the green. IShares MSCI UK ETF
EWU,
+ 4.47%

was up 4.1%. The FTSE 100, meanwhile, ended Monday trading in London up 3.1% to 5,582.39.

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