Back

Coronavirus update UK: 62,322 confirmed cases on Wednesday, 1,041 fatalities

There were 62,322 new confirmed coronavirus infections in the UK on Wednesday, the UK government data showed, per Reuters. This reading followed Tuesday's increase of 60,916 and marked the biggest one day jump in cases for the second straight day.

Further details of the daily update showed that there were 1,041 COVID-19-related fatalities, compared to 830 on Tuesday.

Market reaction

The British pound remains on the backfoot against its rivals after this report. As of writing, the GBP/USD pair was losing 0.36% on a daily basis at 1.3575.

AUD/USD slips back under 0.7800 level as USD stages modest recovery

AUD/USD rallied above the 0.7800 level early on during Wednesday’s European morning session, hitting multi-year highs at 0.7820 by around 10:00GMT, bu
Read more Previous

BoE's Bailey: Downside in Q4 wasn't that great when compared to forecasts

While testifying before the Treasury Select Committee on Wednesday, Bank of England (BoE) Governor Andrew Bailey said that the economic downturn in th
Read more Next