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Coronavirus update UK: 7,143 new cases confirmed on Tuesday

There were 7,143 new confirmed coronavirus infections in the UK as of Tuesday morning, the UK government data showed, per Reuters. This reading marked the highest daily jump in cases and followed Monday's increase of 4,044.

Further details of the report revealed that there were 71 fatalities on Tuesday within 28 days of testing positive.

Market reaction

The GBP/USD pair edged slightly lower after this report and was last seen trading at 1.2846, where it was still up 0.15% on a daily basis.

GBP/USD retreats to 1.2850 area after BoE Governor Bailey's comments

The GBP/USD pair spiked to a daily high of 1.2903 in the early American session but reversed its direction and erased a large portion of its daily gai
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EUR/USD to remain near 1.17 into year-end – CIBC

Analysts at CIBC, expect the EUR/USD pair to remain steady for now. The see the pair trading around 1.17 into year-end and also during the first quart
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