UK announces £9bn plan to maintain employment

-The British Government has announced a £9 billion plan to maintain employment. The VAT rate for hospitality and the travel industry is reduced to 5%, and the time limit measures are taken to reduce the purchase of homes up to £500,000. The GBP is still looking at buying. US stocks are also strong today and […]

April UK construction industry PMI was 8.2, a historical low level

The British construction industry PMI in April was 8.2, which was far below the previous forecast of 21.7. It has fallen further since 39.3 last March and is at a historical low level. Selling has accelerated in the pound market even before the announcement, but it is still cheaper after the announcement. (Source: Minkabu) Stop […]