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New week sees an edge of positive bias with US fiscal support and Brexit still the focus
Markets continue to trade with a lack of certainty as newsflow of major macro factors remain on a knife edge. However, slight chinks of light over the weekend are generating a mild positive risk bias this morning. In one final (?) attempt to break a deadlock on US fiscal support, Democrat House Speaker Pelosi gave a 48 hour deadline over the weekend. It means that the next couple of days could generate elevated volatility on any announcements, but markets are taking this as a positive. Furthermore, although no agreement has been reached yet between the EU and UK on a post-Brexit trade deal, there were suggestions ... (full story)