UK’s Sunak to unveil new wage support scheme on Thursday – Times Radio
|According to the Times Radio, the UK Finance Minister Rishi Sunak is set to unveil a new wage support scheme later this Thursday.
The media reported: “Rishi Sunak will unveil a new coronavirus wage support scheme today, but he has ruled out making it sector-specific, I'm told. Too hard/unfair to pick one area of the economy to help over another, and then draw boundaries within it.”
Market reaction
GBP/USD caught a fresh bid wave on the above announcement, having spiked to 1.2737 session highs before reversing to near 1.2715, at the time of writing.
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