During late-Tuesday, The Guardian relied on the business and industry sources to convey UK Chancellor Rishi Sunak’s inclination to follow Germany while seeking replacement of the furlough scheme. Key quotes The sources said the Treasury had decided, at the eleventh hour, to delay an announcement timed for Wednesday that would have extended the availability of state-backed loan schemes for struggling companies. The chancellor was expected to confirm four government-backed loan guarantee schemes would be extended until November. One option believed to be under consideration after talks with businesses and unions in recent weeks is a scheme similar to the German Kurzarbeit (“short work”) system – which would involve the government paying the wages of workers for short-time working. FX implications While the news should ideally help GBP/USD, by way of indicating further helps to the British business, the Cable stays mostly unchanged around 1.2735 amid a generally quiet period for the Pound traders. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Price Analysis: XAU/USD licks its wounds around $1,900 FX Street 1 year During late-Tuesday, The Guardian relied on the business and industry sources to convey UK Chancellor Rishi Sunak’s inclination to follow Germany while seeking replacement of the furlough scheme. Key quotes The sources said the Treasury had decided, at the eleventh hour, to delay an announcement timed for Wednesday that would have extended the availability of state-backed loan schemes for struggling companies. The chancellor was expected to confirm four government-backed loan guarantee schemes would be extended until November. One option believed to be under consideration after talks with businesses and unions in recent weeks is a scheme similar to the German Kurzarbeit (“short work”) system – which… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
