Sterling clings to 3-week highs ahead of British budget plan – ZAWYA

Sterling clings to 3-week highs ahead of British budget plan – ZAWYA

Sterling clings to 3-week highs ahead of British budget plan | ZAWYA MENA Edition HomeMarketsCurrenciesArticleSterling clings to 3-week highs ahead of British budget plan Sterling was steady at $1.2545 and at 89.96 pence against the euro    British Pound Sterling banknotes are seen in a counter machine at the Money Service Austria company's headquarters in Vienna, Austria, November 16, 2017. Image used for illustrative purpose.LONDON- Sterling was steady at $1.2550 and at 89.90 pence against the euro EURGBP=D3 on Wednesday, a day after hitting three-week highs against both currencies, unmoved by Chancellor Rishi Sunak's announcement of his plans to revive the economy.In an afternoon speech, the British finance minister said the government would pay bonuses to employers to bring workers back to their jobs from the state's coronavirus emergency furlough scheme. He also said the government would cut value-added tax (VAT) on spending at hotels, restaurants and tourist attractions and subsidise temporary discounts on eating out to boost demand for services hardest-hit by the COVID-19 lockdown. In an afternoon speech, the British finance minister said the government would pay bonuses to employers to bring workers back to their jobs from the state's coronavirus emergency furlough scheme. LONDON- Sterling was steady at $1.2550 and