12 October 2020, GBP/USD
GBPUSD trading plan:
British finance minister Rishi Sunak announced his latest programme to stave off a surge in unemployment, offering extra help for businesses and workers who are forced to stop work during local COVID-19 lockdowns. The announcement represented an expansion of the government's Job Support Scheme - which itself is the replacement of the broader furlough scheme that ends this month - for companies ordered to close and their workers. As well as the new subsidies, he also announced more generous grants for lockdown-hit companies, offering up to 3,000 pounds per month payable every two weeks, compared with 1,500 every three weeks under the standard scheme.
Trading recommendation: range 1.2990 -1.3080.
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