UK Finance Minister Rishi Sunak is expected to announce the extension of the employment support plan (furlough) until March, Reuters reported Thursday, citing BBC political correspondent Nick Eardley.
Eardley further noted that it is unclear if the scheme will remain unchanged, with the state covering up to 80% of the salaries of affected employees.
Market reaction
The FTSE 100 is rising on Thursday, in line with the rest of the exchanges and is up 0.45%. The pound retreats against the euro, but advances against the dollar, with GBP / USD trading at the highs of the day above 1.3070.
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Credits: Forex Street
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