GKFXPrimeJiekai Finance: UK plans to launch6000Billion Infrastructure Plan, Decline200Can the pound of points be reversed?

After an emergency conference call by EU leaders, countries have announced various measures to address the economic damage caused by the pandemic so far. The EU has implemented an economic recovery plan, which is costly2000One billion euros, equivalent toGDPof1.5%. The United States has suggested that it is considering reducing90Pay a daily salary tax and find ways to support businesses, such as loan plans. Italy plans to suspend debt repayment to help households and businesses, and previously announced a75A plan worth billions of euros. Spain has established partnerships for small businesses200A special credit line of billions of euros. According to reports, Germany is considering canceling the capital buffer in the banking industry to increase liquidity and available credit.
The new Chancellor of the Exchequer of the United Kingdom, Richie?Sunak（Rishi Sunak）Will be available today Beijing time19:30publish2020The annual financial budget. stay2019The UK did not issue a budget bill in, so it is difficult to speculate now2020How outstanding will the first budget of the year be. This plan is also the budget proposal for launching the Brexit Revitalization Parliament, in order to provide a detailed long-term plan for national infrastructure investment.

Based on the currently disclosed information, the UK will have a significant impact on the future5Up to annual investment in infrastructure projects6000Over billions of pounds, and will pay for the potholes that appear on various roads in the UK25Billion pounds of funding will be used for repairs.

Nevertheless, the market expects that the economic challenges brought by COVID-19 virus will still dominate. The current focus of fiscal policy is speculated to be on addressing the short-term economic and health challenges of the coronavirus. British businesses are more expected to provide significant funding to the healthcare system, assist companies on long-term sick leave, and jointly guarantee banks with the Bank of England to maintain loans and overdraft loans to individuals and businesses.
The pound fell from its high yesterday220The remaining points entered a rebound and upward structure during today's Asian session. The current pound is in a downward channel, and if there is an economic stimulus policy in tonight's budget that exceeds market expectations, the short-term rebound structure of the pound is expected to form a reversal upward trend.

(GBP USD)1Hour chart, sourceGKFX Prime MT4）

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