UK November CBI retailing reported sales -25 vs -35 expected 0 (0)

Latest data released by CBI – 24 November 2020
CBI notes that:
„This month’s survey gives hope that the economic impact of the autumn lockdowns should be as severe as in the spring. Both consumers and firms are adapting as best they can, borne out in this month’s strong online sales.“
That said, just be mindful that this

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EU’s Barnier: Fundamental divergences remain, continuing to work hard for a deal 0 (0)

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.

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Brexit: Rumours of a „temporary deal“ in the works to be agreed this week 0 (0)

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.

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BOE’s Haldane: UK economy has probably recouped around two thirds of pandemic losses 0 (0)

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

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