18 December 2020 - Furlough extended for another month
"Brexit is still just ahead of Coronavirus on the list of short-term drivers for both the economy and the pound. Johnson and von der Leyen had yet another phone conversation last evening and according to Michel Barnier, a deal is still possible by tomorrow with ratification by the EU Commission on Sunday. That view is countered by UK Government Minister Michael Gove who commented yesterday that he believes the chances of a deal are less than 50%. The review of the lockdown tiers has been carried out and Health Secretary Matt Hancock announced yesterday that only very minor positive moves from tier three to tier two would take place. Having placed London in tier three earlier in the week, several other areas of the South East of the country were moved up to tier three. It is therefore slightly incongruous that Westminster and the three devolved administrations have agreed to leave the relaxation of restrictions over the Christmas Holiday in place with just a request that people behave sensibly." Beyond Currency Market Commentary: Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.