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London stocks suffer worst in 3 months on fears over new coronavirus strain

The domestically focused FTSE 250 .FTMC fell 2% as the latest development in the pandemic added to investors' worries

markets, stocks, stock market, coronavirus

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2 min read Last Updated : Dec 21 2020 | 11:30 PM IST

UK mid-cap stocks suffered their worst day in 3 months on Monday as stricter curbs to fight a fast-spreading new strain of the coronavirus prompted travel bans, worries about food shortages and further economic pain.

The domestically focused FTSE 250 .FTMC fell 2% as the latest development in the pandemic added to investors' worries, with no Brexit trade deal in sight and just 10 days to go until a transition period expires. contraction was already looking likely in the fourth quarter and this could now extend into the new year if the lockdown continues," said Rupert Thompson, chief investment officer at

Topics : Coronavirus London Stock Exchange travel ban Brexit deal

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