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Brexit Deal Fuels Sterling While Stocks Edge Higher Ahead Of Holiday
News 18The British pound rose on Thursday as Britain and the European Union clinched a free trade deal, while a global gauge of stocks edged upward amid investor optimism toward economic growth. “There are still some big challenges in the UK economy, and they’re doing a pretty aggressive lockdown, which is going to have economic implications.” The trade deal helped European equities edge higher as well. Optimism about a full-scale roll-out of COVID-19 vaccines next year has largely kept stocks buoyed in despite the delays in further stimulus, said Arnim Holzer, macro and correlation defense strategist at EAB Investment Group. Gold prices rose as investors remained optimistic about U.S. stimulus and the Brexit trade deal kept the dollar’s gains in check.
History of this topic
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