The vast majority of retail investor accounts lose money when trading CFDs . You should consider whether you can afford to take the high risk of losing your money.
In the 9th of May’s Downing Street Daily COVID-19 Press Conference, the UK caught a glimpse of a much greener future. As with other news from the daily briefings, traders and investors are listening and watching closely, to hypothesise about the future of the British economy and what that means for the trading market.
The Latest Government Investment
In a bid to keep the ball rolling on the ‘green revolution’ that the lockdown has started, transport secretary, Grant Shapps highlighted a ‘once-in-a-generation’ opportunity to change the way people travel in the UK. Due to social distancing measures and the goal to reduce emissions, Shapps wants to see incentives for pedestrians and cyclists and a reduction in the use of public transport and motorised vehicles. He pledged a £2bn package including many measures to support this vision.
Cycling had a huge part to play in this greener future in the UK, as a segment of the package will be dedicated to building more bike lanes, encouraging more cycle-to-work schemes and the creation of cyclist-only streets. Many will be interested in watching the bicycle industry to see if its sales increase when lockdown restrictions lift.
Schapps referred directly to the use of e-scooters in his vision for a greener future. He stated that they too will share a portion of the investment as we try to encourage people to choose E-Scooter hire over public transport or driving when planning short distance journeys.
Electric and Hybrid Vehicles
The increase of e-charging points for electric and hybrid vehicles was also mentioned in the press briefing, owing, according to Schapps, to a notable increase in electric and hybrid sales in the month of April. Following the lead of the public’s interest in this regard, he pledged to increase accessibility to charging points to continue to incentivise making the greener choice in motor vehicles.
For traders and investors who have been looking for opportunity, or who have been hoping to make an investment in a positive and forward-thinking sector, will be intrigued by the latest update and are sure to bring enthusiasm to those industries in the trading market.
It’s important to remember that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
To learn more about investing in today’s global markets, contact CFI Financial today and speak with someone who can answer any questions that you might have.
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