UK’s Sunak: The main goal is to support jobs, but we need to change how we do this 0 (0)

UK finance minister, Rishi Sunak, announces the new jobs support scheme
– As the economy reopens, it is fundamentally wrong to keep furlough scheme
– I cannot save every business, every job
As the furlough program comes to an end in October, these are the new measures introduced to try and support the labour market to prevent job

Go to Forexlive

Pound a little higher on the day as buyers keep up defense of key daily moving averages 0 (0)

The pound is up in European morning trade
here
That still remains the key technical level to watch for now, with the pound also hoping to take comfort from UK finance minister, Rishi Sunak’s announcement on a wage support scheme – to help alleviate some pressure from the jobs market.

Go to Forexlive

UK September CBI retailing reported sales 11 vs -10 expected 0 (0)

Latest data released by CBI – 24 September 2020
This is a bit unexpected, as UK retail sales growth came in at its fastest pace since April 2019 as the recovery in consumption activity continues into September. The readings here are an indicator of short-term trends in the retail and wholesale sector of the UK economy.

Go to Forexlive