The stock market day: British economic stimulus program makes pounds rise

The British pound is up against the dollar after Chancellor Rishi Sunak has announced new economic stimuli. In his hearing, Sunak said that the government would pay a bonus to companies if these employees continued to work even if the corona crisis support measures to maintain jobs ended in October. A bonus of £ 1,000 per employee is planned, which will be continued until at least January and receive a monthly salary of at least £ 520.

In addition, the lower limit for stamp duty on home purchases will be raised to £ 500,000 from £ 125,000. This regulation will apply until the end of March next year.

To support the hospitality industry, the British government will grant every restaurant visitor a 50 percent discount on food.

The pound is rising to $ 1.2578 from 1.2541 before measures are announced. The euro shows little change at 0.90006 pounds.

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