Pound hits 20-month high against euro as lockdowns return

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Pound hits 20-month high against euro as lockdowns return


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There is a big step forward in plans to phase out gasoline and diesel cars, with new laws requiring all new homes to install charges for electric vehicles that go into effect next year.

The government says the measures are a key part of the transition to electric vehicles and are designed to respond to criticism that the UK lacks the critical infrastructure needed to support the change.

But the plans are not without criticism. Labor argued that the move does nothing to address the ‘appalling’ geographic divide in available charging points.

The party said: “London and the South East have more public car charging points than the rest of England and Wales combined. Still, there is nothing here to help solve this problem. “

5 things to start your day

1) City regulator calls on Bitcoin expertise as terrorists mine cryptocurrencies: FCA is offering £ 500,000 contract over fears crypto is now a hotbed of financial crime.

2) State expansion intensifies the labor crisis, says Bailey: Economists warn that 250,000 new jobs in the public sector “considered a little cushy” are attracting hotel workers.

3) Add heat pump costs to mortgages, suggests Green Tsar: Plus the struggle to insulate British finances from the costs of carbon removal.

4) The fight to save the Argentinian economy in free fall: The rise of an “anarcho-capitalist” shows that voters want new answers on how to end the cycle of desperation.

5) Electric aviation chases the Tesla out of the sky: Sizeable challenges are delaying the take-off of innovation, despite Rolls-Royce’s speed record.

What happened during the night

Stocks were mixed in Asia on Monday after ending the week largely lower on Wall Street, despite the Nasdaq’s first close above 16,000.

A resurgence of coronavirus outbreaks in the United States, Europe and other regions is weighing on investor sentiment. Comments from Chinese central bank advisers on the risks of “stagflation” heightened concerns about inflationary pressures.

The Shanghai Composite Index gained 0.7% to 3,583.37, while the Hang Seng in Hong Kong lost 0.4% to 24,962.11.

Tokyo’s Nikkei 225 fell 0.1 pc to 29,717.58. In Australia, the S & P / ASX 500 lost 0.4% to 7,368.00.

Shares fell in India but rose in Taiwan.

Attention has turned to the People’s Bank of China as Beijing works to limit the risks of excessive borrowing by real estate developers while maintaining economic growth.

Coming today

  • Business : Diploma, Cerillion (Annual results); Big Yellow, Augmentum Fintech (Interim)
  • Economy: Sales of existing homes (WE); consumer confidence (ME)

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