China says prudent monetary policy to be more reasonable in 2021 0 (0)

Comments via Chinese state media, Xinhua
Essentially, China is keeping the status quo as we look towards the new year. It was earlier this month that policymakers were comfortable with letting the yuan run further to the upside, and that remains the case as we look to round off the year.

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The pound continues to thrive on Brexit deal hopes 0 (0)

The pound is one of the top performers today, alongside the aussie and kiwi
Cable is trading to fresh highs since April 2018 above 1.3600 but that also owes partly to the weaker dollar story. The pound on its own is trading higher on the day and that is more clearly reflected in EUR/GBP and GBP/JPY.

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EU’s Barnier says talks showing good progress, but last stumbling blocks remain 0 (0)

The usual stuff that we’ve been hearing for months on end
In this final stretch of talks, transparency & unity are important as ever: Debriefed @Europarl_EN Conference of Presidents this morning on EU-UK negotiations.
For those who missed out, talks are likely to stretch on until the weekend again in hopes of a breakthrough or compromise.

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US MBA mortgage applications w.e. 11 December +1.1% vs -1.2% prior 0 (0)

Latest data from the Mortgage Bankers Association for the week ending 11 December 2020
–  -1.2%
– Market index 857.3 vs 848.3 prior
– Refinancing index 4,014.5 vs 3,959.2 prior
The jump in mortgage activity in the past week comes from a rebound in purchases after the drop in the previous week, with refinancing activity also seen picking up

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UK: Relaxation of restrictions during Christmas reportedly set to go ahead 0 (0)

BBC political correspondent, Nick Eardley, reports
From four nations Christmas call:Christmas relaxation will go aheadBroad agreement no to change regulations, but final working still being worked onMuch stronger advice coming as soon as today. Some parts of UK may toughen guidance on households mixing.

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