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John Wang
in
Forex
April 7 15:00

GBP is dragged down by the PM’s condition

Forex rates is impacted by the leader’s illness. 
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British pound has lost some of its value on forex market. The currency has been impacted by the news about the worsening condition of the Prime Minister’s health.
The currency has fallen in several trading pairs. GBP/USD dropped by 0.31% and ended up at US$1.223.
Boris Johnson has revealed, that he has contracted the coronavirus on March 27. He has been remained under observation by doctors since.  On Monday, April 6, Johnson’s condition has gotten worse and he has been transferred into intensive care. 
While Johnson is indisposed, the functions of the Prime Minister will be transferred to the Secretary of State Dominic Raab.