Showing posts with label Brexit US. Show all posts
Showing posts with label Brexit US. Show all posts

Tuesday, December 29, 2020

Euro Beats Yen, Sterling as Brexit, U.S. Stimulus Boost Risk Appetite

Euro beats yen, sterling as Brexit, U.S. stimulus boost risk appetite


By Karen Brettell

NEW YORK (Reuters) -The euro was boosted on Monday as risk sentiment improved in the wake of Britain's trade deal with the European Union and U.S. President Donald Trump's decision to approve a new fiscal stimulus package.

Britain on Thursday clinched a narrow Brexit trade deal with the EU, just seven days before it exits one of the world's biggest trading blocs in its most significant global shift since the loss of its empire.

"What we are seeing is a continuation of the pricing out of hard Brexit risk," said Ulrich Leuchtmann, head of FX research at Commerzbank (DE:CBKG) in Frankfurt.