Sterling advances despite rise in coronavirus infections

The British pound rose against most of its peers, despite the US dollar's rally and increasing deaths and infections from the coronavirus in the UK and all over the world.

Coronavirus infections in the UK rose to over 35,000 cases, and the death toll rose to 3,000 victims.

Infections rose to more than 1 million cases worldwide, with a death toll of 50,000, and billions were put into lockdown in their homes.

Fitch estimated that the global GDP would suffer a recession this year, which came after 10 days from its estimates of only a slowdown in growth.

GBP/USD rose 0.2% to 1.2398 as of 19:51 GMT, after the pair hit a high of 1.2476 and a low of 1.2349.