UK announces further support for businesses to cushion blow from virus crisis

News

Announcement by UK finance minister, Rishi Sunak

  • One-off top up grants for retail, hospitality, businesses up to £9,000 per property
  • A £594 million discretionary fund set up to support other impacted businesses
  • New lockdown grants to total £4.6 billion

For bank trade ideas, check out eFX Plus

This comes after Boris Johnson announced a national lockdown in the UK over the next seven weeks starting from today, which will be reviewed on 15 February next.

The pound is still feeling the heat from all the pessimism as of late, with cable seen down slightly to 1.3555-60 levels currently. Meanwhile, EUR/GBP is up to 0.9050 as buyers threaten a push above its 100-day moving average @ 0.9034.

Articles You May Like

Gold plummets on rumors of Israel–Hezbollah ceasefire
What is driving the FX markets technically. A look at the major currency pairs today
We knew Best Buy’s quarter and guide would be weak. Here’s our plan for the stock
Gold closes week above $2,700, US PCE data in Focus
US Dollar flat ahead of weekend full of uncertainties over France’s budget

Leave a Reply

Your email address will not be published. Required fields are marked *