GBP/USD nosedives as London moves to higher tier lockdown

The GBP/USD price tumbled today as the market continued to worry about the new strict lockdowns in London. The pair also reacted to new developments on Brexit and the jobless claims data from the United States. London starts lockdowns The number of coronavirus cases in the United Kingdom has been rising in the past few weeks. Yesterday, the health ministry confirmed more than 16,000 new cases, bringing the total number of cases to more than 655k. More than 43,000 people have died from the disease. In a statement earlier today, London mayor, Sadiq Khan, said that the city will move