|Day's range||1.238 - 1.239|
|52-week range||1.1477 - 1.3510|
Rishi Sunak said the new funding would 'support our social fabric' during the coronavirus pandemic, and that the PM's condition was improving.
The British pound continues to rally against the US dollar and other currencies around the world, refusing to give it up. With that being the case, the market looks as if it is threatening the crucial 1.25 level.
Government support for firms could cost up to £40bn, with BA the latest firm likely to furlough staff after the Unite union backed a deal.
GBP/USD continues to trade near the 20 EMA level as the U.S. dollar starts to gain ground against a broad basket of currencies due to safe haven buying.
Companies doing everything from online lending to client onboarding say they can help get money to people and businesses faster.
The U.S. dollar is back in demand Wednesday, as investors sought safe havens amid disappointing news surrounding the coronavirus outbreak and the economic damage in Europe becomes apparent. At 3 AM ET (0700 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 100.345, up 0.4%, while EUR/USD fell 0.3% to 1.0857 and GBP/USD dropped 0.3% to 1.2300. Governor Andrew Cuomo said that deaths in New York state also rose.
The coronavirus outbreak has brought a record UK jobs boom to a halt, with job vacancies plummeting and the unemployment rate expected to soar.
The British pound initially fell during the trading session on Tuesday but turned around to show signs of strength during the day. That being said, there is still a significant amount of resistance above.
The US dollar is broadly weaker against its major counterparts in early trading on Tuesday but the weakness wasn’t enough to elicit a technical breakout for the GBP/USD pair.
PwC found 70% of people earning over £50,000 a year could work from home, compared to just 32% of people who earned £20,000 or less.
One expert said all predictions were now 'guesswork,' suggesting homeowners should be thankful they have homes at all rather than thinking about prices.
Best wishes flooded in from leaders around the world after the prime minister was moved to intensive care in hospital with COVID-19.
Yahoo Finance UK speaks to people who have fallen foul of conditions attached to help for self-employed workers who have lost income due to coronavirus pandemic.
It’s another positive start to the day for the bulls, with the latest COVID-19 numbers providing further evidence of containment…
At 3:10 AM ET (0710 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 100.235, down 0.5%, with the loonie, Aussie and kiwi all rising over 1%. GBP/USD gained 0.7% to 1.2316 even as Prime Minister Boris Johnson was moved into intensive care overnight due to his worsening COVID-19 symptoms. In New York, the epicenter of the outbreak in the U.S., Governor Andrew Cuomo said Monday that the state’s death rate has been ‘effectively flat for the last two days.’