MORE than £33billion has been wiped off the FTSE 100 within minutes of opening this morning as many European countries ban UK travellers over fears of a mutant coronavirus strain.
Tougher lockdown restrictions for London and much of the south east of England plus a Brexit talk deadlock has knocked 1.8% off Britain's leading companies.
⚠️ Read our coronavirus live blog for the latest news & updates
The pound has also plummeted by 1.9% against the dollar this morning, falling to $1.3278.
Meanwhile, the euro has jumped 1.4% against sterling.
Prime Minister Boris Johnson will chair a crisis Cobra meeting today.
On the FTSE 100, British Airways owner International Airlines Group has been hit the hardest, falling 9%, while engine maker Rolls-Royce Holdings PLC dropped 7.8%.
More to follow…
For the latest news on this story keep checking back at Sun Online.
Thesun.co.uk is your go to destination for the best celebrity news, football news, real-life stories, jaw-dropping pictures and must-see video.
Download our fantastic, new and improved free App for the best ever Sun Online experience. For iPhone click here, for Android click here.
Like us on Facebook at www.facebook.com/thesun and follow us from our main Twitter account at @TheSun.
Source: Read Full Article