UK reports first coronavirus death, jump in new cases

Dhwani Mehta FXStreet

England's Chief Medical Officer Professor Chris Whitty said on Thursday, the UK reported first coronavirus death, as confirmed cases jumped across the country.

The Kingdom has recorded 90 confirmed COVID-19 cases.

GBP/USD stalls the upside

Despite the expectations that the Bank of England (BOE) may refrain from cutting the key rate amid a transition at the top level, the upside in the GBP/USD pair stalls just below 1.2950.

The virus spread in the UK continues to dent the sentiment around the GBP traders.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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