Barnier setting the backdrop ahead of negotiations this week
After technical discussions this weekend, negotiations continue online today with @DavidGHFrost and our teams. Time is short. Fundamental divergences still remain, but we are continuing to work hard for a deal.

Tweet by Dave Keating, Brussels correspondent for France 24
I’m hearing rumours we may see an emergency „temporary #Brexit deal“ agreed this week to avoid #NoDeal happening in midst of #COVID19.
Just something to take note. This could be what all the murmurs and whispers were referring to since the weekend.

Comments by BOE chief economist, Andy Haldane
– Vaccine offers hope
– Burden of hardship fallen disproportionately on lowest paid, lower skilled workers
– Risk that anxiety leads to a gloom loop
Well, after the Q3 rebound the UK economy is still some 9.7% lower when compared to the end of 2019. For some context, that makes it equivalent

Latest data released by Markit/CIPS – 23 November 2020
The jump in the manufacturing reading owes much to an increase in supplier delivery times amid severe delays at UK ports, as well as robust levels of stock building ahead of the end of the Brexit transition period on 31 December.

This is not a vaccine, but a treatment. It was administered to Trump when he was crook with the virus.
Its still an experimental therapy.
Remember when Trump had it? He was up and about quite quickly.

UK Times citing one unnamed ‚Whitehall source‘ 
–
„There’s increasing expectation of a deal“ 
– „We need to be ready to get it through parliament“
Times says legislation is being prepared for a Brexit trade deal. It’ll need to pass through both

The existing
 Comprehensive and Economic Trade Agreement (CETA) 
deal will be ‚rolled over‘ as a short-term transitional agreement (small changes are being made to language to accommodate CAD-UK only trade as the original CETA was made when the UK part of the EU).

Can oil finally make a break?
In the span of a few months, oil went from the world’s most-volatile commodity to a sleepy backwater.
That won’t last.
WTI crude climbed 40-cents on Friday to wrap up a 5% gain on the week to $42.15. It’s now up 17% this month and 25% since the election-night lows. More

Forex news for New York trading on November 20, 2020:
Markets:
– Gold up $4 to $1870
– US 10-year yields down 0.5 bps to 0.82%
– WTI crude oil up 41-cents to $42.15
The tone overnight was poor on the Fed-Treasury fight over emergency money, along with virus worries. But it improved in early trading in part because of

Closing changes for the main markets
On the week: