NAB – The Morning Call · Gone Fishing

Gone Fishing

Monday 30th November 2020

The pound has already recovered the losses it made on Friday, when Brexit rhetoric was ramped up on both sides of the English Channel. Over the weekend, though, reports suggest talks have been far more productive, tackling the last sticking point of fishing rights, and there’s a real possibility that a deal could be reached in the early part of this week. NAB’s Rodrigo Catril says the deal could include a new transition period, just for fish! Meanwhile, relations between Australia and China remain  tense, even if it is having little influence on currencies or equities just yet. Today’s China PMI numbers will confirm how well the country is doing, compared to the rest of the world right now. But it’s been an incredibly strong month for global equities, spurred on by vaccine news, even though US infection rates continue to rise.

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