FX News

FX Update for 2020-12-08

Worldwide coronavirus cases surpass 67.7 million with over 1,547,000 official deaths.

Key Points:

  • The DOW slipped from its record high amid spikes in US coronavirus cases
  • Crude Oil falls to 45.00 a barrel after US -China tensions
  • EU’s Barnier has offered a fairly sombre picture of Brexit talks and movement in negotiations.  
  • German Industrial Production rose in the six months to October 2020
  • UK House Prices show the biggest annual rise since 2016
  • China bans meat imports from 6 Australian beef suppliers as ties between the two countries deteriorate further
  • US congress look to be close to signing a deal worth 900B in a new bail-out package
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