By Yasin Ebrahim
Investing.com – GBP/USD surged on Tuesday as traders shrugged off the U.K government's tougher lockdown measures, which will see swathes of the economy shut down for at least three weeks at a time when the services sector has been hit by the Covid-19 pandemic.
GBP/USD jumped 1.83% to $1.1759.
The move higher has also been helped by signs of slowdown in the death toll from the coronavirus in Italy, the epicenter of the outbreak in Europe.
Total cases in Italy rose to 9.6% to 69,176 from 63,927 a day earlier, but well below the double-digit surge reported recently.