Coronavirus crisis has taken a dramatic turn in the UK because there is a fear of a leadership crisis as the British Prime Minister is on oxygen. Boris Johnson, the prime minister, is in intensive care. He was hospitalized on Sunday after spending nearly 10 days in quarantine. Johnson is struggling to shake-off COVID-19 and his government is in a panic mode to contain the current crisis. However, when it comes to markets, traders have decided not to overreact to the current leadership situation because the is still holding on to its ground against the dollar. Similarly, the UK’s are also trading mildly higher today. But, expect a massive sell-off in the sterling if Boris Johnson’s situation deteriorates further for the last thing the country needs is losing its leader.
Overall, the virus situation seems like it is under control as China has reported no new cases for the first time since the pandemic. Similarly, European countries such as Italy, France, Germany, and Spain…
