Sterling Dips Against Dollar, China Skepticism Increases – 4 May, 2020

Worsening U.S.- China relations caused the dollar to strengthen and the pound to fall, heading for one of its worst performing months. The pound last stood at $1.2423 against the dollar, falling 0.6% since Friday. The pound was steady against the euro at 87.85 pence. Renewed criticism by the U.S. over the weekend against China’s initial handling of the virus left investors running to the safe-haven dollar, causing sterling to drop, with Britain’s defense minister agreeing that China has many questions to left answer about the outbreak.  Prime Minister Boris Johnson will be reviewing the national lockdown this week in hopes to find a way to get the fifth biggest economy in the world up and running without causing a deadly second wave of the virus spreading.