On Tuesday, the GBP/EUR was trading at 1.09 following yesterday’s trading session. The UK currency depends on the country’s concerns about the coronavirus pandemic. The UK alert went up to 4 highlighting that the levels are "high or rising exponentially".

UK authorities announced that pubs, bars and restaurants have to close at 22:00 as from Thursday due to the coronavirus pandemic as a move to prevent an “exponential” rise in active cases. Bar owners did not receive the announcement very well, noting that their earnings will be hit as 22:00 is “peak time for customers and where we earn around 60% of our daily takings.”

Moreover, government’s chief scientific and chief medical advisers stated that unless action is taken, the UK could see 50,000 new coronavirus cases a day in the coming month. 

Members of Independent Sage affirmed, “A research finding that is declared ‘best evidence’ or ‘robust evidence’ by one expert will be considered marginal or flawed by another expert. It is more important than ever to consider multiple perspectives on the issues and encourage interdisciplinary debate and peer review.”

Traders await British Prime Minister Boris Johnson’s address the public on Tuesday to explain the latest measures.