UK to Announce More Stimulus

The UK government is expected to announce more fiscal stimulus measures, which include 3B pounds to improve energy efficiency in homes and commercial property, 1.5B to support industry, arts and entertainment, and 2B to support wages for the young. There were also reports that transaction tax on homes will be partially suspended in order to revive the UK housing market.

This comes after PM Boris Johnson told Merkel that the UK is ready to accept a “no-deal” scenario on trade and fisheries after the end of the transition period.

The pound fell 0.1% to $ 1.2525 and reached 1.1113 euros.