UK & EU leaders to hold last ditch meeting, pound is choppy
Tuesday 8th December 2020The UK-EU trade deal really is going right down to the wire \u2013 and the wire itself keeps getting pushed back. On today\u2019s Morning Call NAB\u2019s Rodrigo Catril says the decision to hold a face to face meeting between Boris Johnson and Ursula von der Leyen means the decision will be reached in coming days, not in the next few hours. We might see a version of the $908b fiscal stimulus package in the US in a short while, though, although even here differences remain. Locally, yesterday\u2019s downgrading of NSW and Victoria\u2019s credit rating will push up borrowing costs, but the states will emerge from COVID-19 better placed than most parts of the world. Today\u2019s NAB Business Survey will show how much confidence there is in the economy right now.
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