Wednesday 18th November 2020
There was no new vaccine news overnight and the markets seemed a little disappointed by that, with equities down and a move to government bonds. But NAB’s Tapas Strickland says this respite could be short lived, with the results of the Oxford vaccine trials imminent. Meanwhile, there seems to be less of a temptation to take a negative view on the rising COVID-19 cases, particularly in the US, where retail sales in September were sluggish. The pound has been helped by positive talks around Brexit, although its unlikely any deal will be reached this week. And central banks are suggesting that financial regulators are stopping investors dipping into their savings.