By Jack Elsom For Mailonline
Published: 11:24 BST, 21 September 2020 | Updated: 12:00 BST, 21 September 2020
Fears of a second coronavirus lockdown have knocked market confidence and put the FTSE 100 on course for its worst day in three months.
London's blue-chip stock exchange slumped 3 per cent, or 194 points, to a two-week low of 5,813 this morning.
Markets have been spooked by reports Boris Johnson is preparing to re-introduce restrictions which could throttle business activity once again.
It came as the government's two top scientists Professor Chris Whitty and Sir Patrick Vallance warned the UK faces 50,000 new daily cases by the middle of October if the disease is not brought under control.
Richard Hunter, head of markets at Interactive Investor, told MailOnline: 'The threat of another lockdown is what's really weighing on the markets today.'
The FTSE rally which followed the easing of the first lockdown fizzled out this month as the spread of the virus began to accelerate.
Concerns of another lockdown were today compounded by an investigation into money laundering which implicated two big banks.
Fears of a second coronavirus lockdown appears to have wobbled investor confidence and put the FTSE 100 on course for its worst day in three months
London's blue-chip stock exchange slumped 3 per cent, or 194 points, to a two-week low of 5,813 this morning
British Airways-owner IAG plunged 12.6 per cent today, a blow to the national flag carrier which is already burning through £20million each day and is facing the