Weekly Round up
The UK FTSE 100 has seen a decline of over -1% this week following a previously stronger week. Data from the Office of National Statistics (ONS) showed that the UK economy had shrunk by -2.6% in November following the UK’s second lockdown.
President-elect Joe Biden has a $1.9 trillion dollar stimulus package set as his top priority once he takes office, providing support for the battered US economy.
The fiscal response to the pandemic has already been huge, providing a headwind to the strength of the US dollar.
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