Sterling extends gains, markets mixed as traders see out 2020 ...Qatar

Gulf Times - News
Sterling extends gains, markets mixed as traders see out 2020
source : Gulf Times ( Qatar ) () 15
The pound extended gains against the dollar yesterday as traders cheered the authorisation of another vaccine and final ratification of the Brexit trade deal, while Asian markets were mixed as a painful year drew to a close. While the world economy has been devastated by the coronavirus and lockdowns it has caused, markets have enjoyed a broadly healthy year thanks to governments and central banks stumping up mind-boggling amounts of money to prevent a depression. After falling off a cliff in the first quarter, equities have seen incredible gains from their March troughs – some to record highs – as the promise of ultra-low interest rates, financial backstops and cash injections to people an

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