{"id":17254,"date":"2020-12-23T06:40:54","date_gmt":"2020-12-23T05:40:54","guid":{"rendered":"https:\/\/bernstein-bank.com\/?p=17254\/"},"modified":"2020-12-23T06:46:06","modified_gmt":"2020-12-23T05:46:06","slug":"covid-19-and-brexit","status":"publish","type":"post","link":"https:\/\/bernstein-bank.com\/en\/covid-19-and-brexit\/","title":{"rendered":"COVID-19 and Brexit"},"content":{"rendered":"\n\n\n
\n

Gold<\/span>\u00a0 1866,49
\n(+3,07%<\/span>)<\/h4>\n<\/th>\n

\n

EURUSD<\/span>\u00a0 \u00a01,2185
\n(+2,63%<\/span>)<\/h4>\n<\/th>\n

\n

DJIA<\/span>\u00a0 29873,50
\n(+0,08%<\/span>)<\/h4>\n<\/th>\n

\n

OIL.WTI<\/span>\u00a0 46,26
\n(+6,42%<\/span>)<\/h4>\n<\/th>\n

\n

DAX<\/span>\u00a0 \u00a013414,885
\n(+1,27%<\/span>)<\/h4>\n<\/th>\n<\/tr>\n<\/tbody>\n<\/table>\n

The coming year 2021 brings with it two huge risks to sterling at once. Withdrawal from the deal with the EU without an agreement + the new COVID-19 strain rapidly spreading across Britain.<\/p>\n

GBP\/USD <\/strong><\/p>\n

\"GBPUSD\"<\/p>\n

British Prime Minister Boris Johnson has rejected requests from Conservative Party lawmakers to extend talks with the EU in the new year 2021 on the parties’ future relations after Brexit. This was reported by The Guardian newspaper on Monday. “Our position on the transition period is clear. It will end on 31 December. Our decision will not change,” the paper quoted Johnson as saying.
\nIf the parties do not meet each other, in fact, a full customs regime will be imposed on the borders of Foggy Albion from January 1. Of course, this will hit the economy, the UK background market and the pound sterling hardest.
\nHowever, this was predicted months ago. The Black Swan has come from a very different direction. The new COVID-19 virus strain has already led to flight closures with most EU countries. But this is just the beginning. If the situation continues in the same vein, a radical solution in the form of the closure of the Channel Tunnel to cars and a total ban on British citizens entering the EU is possible.
\nThe first target for the English pound will be 1.30 in the Pound\/USD pair, further things might just roll downhill. However, we have to keep in mind the following. A sharp decline of the American dollar is also possible in parallel. Therefore, from the speculation point of view, it is more interesting to look at the EUR\/USD pair, which, in the short term, risks rising to parity.<\/p>\n


\nWhat awaits us today?<\/strong><\/p>\n

14.30 US Personal Spending in November
\n14.30 US Personal Income for November
\n14.30 US Personal Goods Orders for November
\n16.00 New home sales in the U.S. for November<\/p>\n

\n

Important Notes on This Publication: <\/small><\/p>\n

The content of this publication is for general information purposes only. In this context, it is neither an individual investment recommendation or advice nor an offer to purchase or sell securities or other financial products. The content in question and all the information contained therein do not in any way replace individual investor- or investment-oriented advice. No reliable forecast or indication for the future is possible with respect to any presentation or information on the present or past performance of the relevant underlying assets. All information and data presented in this publication are based on reliable sources. However, Bernstein Bank does not guarantee that the information and data contained in this publication is up-to-date, correct and complete. Securities traded on the financial markets are subject to price fluctuations. A contract for difference (CFD) is also a financial instrument with leverage effect. Against this backdrop, CFD trading involves a high risk up to the point of total loss and may not be suitable for all investors. Therefore, make sure that you have fully understood all the correlating risks. If necessary, ask for independent advice.<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

Gold\u00a0 1866,49 (+3,07%) EURUSD\u00a0 \u00a01,2185 (+2,63%) DJIA\u00a0 29873,50 (+0,08%) OIL.WTI\u00a0 46,26 (+6,42%) DAX\u00a0 \u00a013414,885 (+1,27%) The coming year 2021 brings with it two huge risks to sterling at once. Withdrawal…<\/p>\n","protected":false},"author":37,"featured_media":13158,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-17254","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nCOVID-19 and Brexit | Bernstein Bank<\/title>\n<meta name=\"description\" content=\"The coming year 2021 brings with it two huge risks to sterling at once.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bernstein-bank.com\/en\/covid-19-and-brexit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"COVID-19 and Brexit | Bernstein Bank\" \/>\n<meta property=\"og:description\" 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