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New British incentives

New British incentives | 25 September 2020

25 September 2020, GBP/USD

GBPUSD trading plan:

The U.K. unveiled fresh measures to protect jobs and businesses that helped ease fears about the impact of newly imposed lockdown measures on the economy. The U.K. will subsidize the pay of employees who have not returned to work full time but are working at least a third of their usual hours. The plan will start in November. The move was welcomed by Bank of England Governor Andrew Bailey, though he appeared less optimistic on the economy. "It's reasonable to think the fast pattern of the recovery over the summer is not going to continue in the same way," Bailey said.

Trading recommendation: Buy 1.2750 and take profit 1.2805.

David Johnson
Analyst of «FreshForex» company
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