As mentioned in previous blogs, preserving Christmas for the UK economy was always going to be of vital importance – hence the November lockdown. Thankfully for Britain, not only did Matt Hancock announce that the second wave case numbers appear to be flattening; but also that as of this morning, retail numbers confirmed a sixth month of growth – suggesting that even with lockdown, consumers are still looking to spend on the run up to the festive period.
Elsewhere, there were brief concerns regarding the continuing progress of Brexit negotiations as Michel Barnier was forced to leave the talks, as a member of his team tested positive for Covid-19. He has since been replaced while he self-isolates; with markets hoping the disruptions are kept to minimum, as the clock ticks down on the remaining time to find common ground.
Have a great weekend.
Author: Joshua-Haden Jones, Senior Relationship Manager
Whilst every effort is made to ensure the information published here is accurate, you should confirm the latest exchange rates with WorldFirst prior to making a decision. The information published is general in nature only and does not consider your personal objectives, financial situation or particular needs. Full disclaimer available here.