British Health Secretary Matt Hancock announced on Monday that they have identified a new variant of the coronavirus over the last few days in the UK, per Reuters. Additional takeaways “This new variant growing faster than the existing variant.” “Identified over 1000 cases of the new variant.” “Similar variants identified in other countries in recent months.” “Nothing to suggest new variant more likely to cause serious disease.” “Nothing to suggest new variant won’t respond to the vaccine.” “Seeing a sharp rise in London, south Wales and east England.” “We must act to suppress the virus.” Market reaction The GBP/USD pair continues to pull away from daily highs and was last seen gaining 0.8% on the day at 1.3325. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next UK’s Hancock: London hospitals already under pressure FX Street 2 years British Health Secretary Matt Hancock announced on Monday that they have identified a new variant of the coronavirus over the last few days in the UK, per Reuters. Additional takeaways "This new variant growing faster than the existing variant." "Identified over 1000 cases of the new variant." "Similar variants identified in other countries in recent months." "Nothing to suggest new variant more likely to cause serious disease." "Nothing to suggest new variant won't respond to the vaccine." "Seeing a sharp rise in London, south Wales and east England." "We must act to suppress the virus." Market reaction The GBP/USD pair… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.