UK PM Boris Johnson-led Tory government is up with another stimulus announcement, this time for construction of homes and infrastructure, during the early Tuesday morning in Asia. The Financial Times (FT) came out with the news suggesting an estimated outlay of £900 million. Key quotes As part of a stimulus package aimed at boosting the economy in the wake of the coronavirus crisis, £360m will also be allocated towards delivering 26,000 new homes on brownfield land. Officials said the extra investment would help to build up to 45,000 homes, create up to 85,000 jobs and cut around 65m kg of CO2 emissions in England. Robert Jenrick, housing secretary, also gave more details on the £2bn green grants scheme for home improvements. This will help households to reduce energy use amid pressure on ministers to get the economy growing again with an emphasis on ‘green growth’. FX implications The news helps GBP/USD to keep its pullback from 1.3004, currently around 1.3075. However, the market’s risk-tone sentiment seems to wait for more clues to extend the latest optimism. 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 Bitcoin Price Forecast: BTC/USD crosses $11,200, now faces $11,500 resistance – Confluence Detector FX Street 3 years UK PM Boris Johnson-led Tory government is up with another stimulus announcement, this time for construction of homes and infrastructure, during the early Tuesday morning in Asia. The Financial Times (FT) came out with the news suggesting an estimated outlay of £900 million. Key quotes As part of a stimulus package aimed at boosting the economy in the wake of the coronavirus crisis, £360m will also be allocated towards delivering 26,000 new homes on brownfield land. Officials said the extra investment would help to build up to 45,000 homes, create up to 85,000 jobs and cut around 65m kg of… Regulated 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.
