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.
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…
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