Glowing bullet shaped UFO in England, mistaken for Yuri Gagrin Vostok 1961.

Location: Loxley Road, Stratford On Avon, Warwickshire, England.
As a 7 year old boy, I remember walking from my home down Dale Avenue to town along the Loxley Road.  It was a beautiful day with a clear blue sky.  As I walking I looked up and noticed a bullet shaped object high in the sky.  It was red / orange in color, similar to a hot metal ingot, so brighter and more orange in the center, and darker and more red on the edges.  I was walking west, and the object was moving perpendicular to me, so from North to South across the road.
In my child mind I assumed that I was looking Yuri Gagarin’s Vostok spacecraft as he was completing his orbit of the earth.  Many years later I recalled this event and with my adult and more knowledgeable mind realized this could not be Gagarin because of the flight path and size and shape of the object.
I would guess that the object was at least several thousand feet up in the sky, and with that estimation it was perhaps 50 feet long.