Grim tidings for stocks as mutant Covid strain shuts UK borders

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By Sam Kerr
21 Dec 2020

European stock markets fell heavily in early trading on Monday morning after European countries shut their borders to the UK over a new mutant variant of the coronavirus, which is rapidly spreading through the country. With the UK also heading rapidly towards a no-deal Brexit in January there is little Christmas cheer among equity investors.

France will not accept any arrival from the UK for at least 48 hours, joining Ireland, Germany Italy, the Netherlands and a number of other European countries in imposing travel restrictions on the country.

Europe’s main equity indices fell heavily on Monday morning in response. At just ...

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