UK Chancellor Reeves plans emergency energy relief for UK firms, The Telegraph reports citing sources; support is expected to be available for "energy intensive" business, such as steel and concrete firms

The UK government's move to provide emergency energy relief for energy-intensive sectors signals a proactive approach to mitigate rising operational costs amidst energy price volatility. This support could bolster investor confidence in those sectors, particularly steel and concrete, and may also have broader implications for economic stability and inflation expectations in the UK, potentially affecting GBP and related assets.