London Tier 3 lockdown should be avoided with urgent action says mayor, GBP/USD falls

Mayor of London Sadiq Khan said that urgent action is needed to avoid a Tier 3 lockdown in London. His words come as the capital, Sussex and Kent have reported an increase in COVID-19 cases, prompting a potential tightening of restrictions on Wednesday. 

GBP/USD has extended its falls in response, hitting a new low of 1.3177. It earlier dropped in response to Brexit headlines.