UK’s Malthouse: Sunak to adjust course slightly on job support

Dhwani Mehta FXStreet

British Finance Minister Rishi Sunak may adjust course slightly on job support amid surging coronavirus cases in the country when he addresses the parliament later on Thursday, police minister Kit Malthouse said in an interview with BBC News.

Additional quotes

“It’s our duty really to trim the sails of the ship as we go, and I think that’s what we’ll see.”

“People are filling MPs’ inboxes, with emails of distress and concern. That’s all being fed in.”

On Wednesday, the Guardian reported that Chancellor Sunak will roll out a fourth COVID-19 support package for the hard-hit companies in lockdown-affected regions.

Market implications

GBP/USD is off the lows, still under pressure around 1.3130, awaiting a fresh catalyst for a fresh rally towards 1.3200 and beyond. Brexit talks are likely to resume later on Thursday.

GBP/USD Price Analysis: Bull pennant breakout, golden cross on 1H chart point to more gains

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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