Pound wobbles on fresh coronavirus fears

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Sterling weakened against the Dollar and most G10 currencies on Monday as fears over a second wave of coronavirus drained risk sentiment.

The chronic uncertainty revolving around Brexit negotiations and the uncertain outlook for the UK economy added to the growing list of themes haunting investor attraction towards the Pound. With the GBPUSD tumbling to a two-week low below 1.2460, could further downside be on the cards over the coming weeks?

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