Hard choices, hard Brexit, hard luck

The ECB unveiled its Covid-19 response this week, so how impressed was our Carsten Brzeski? The hard truth of Brexit is becoming clearer; we've got that covered. Hard luck for the US economy amid the crisis - the Jameses Knightley and Smith cover that in our podcast pick. And finally some good news! The outlook for commodities, hard and soft, is looking better

In this bundle

United Kingdom

Brexit: Five thoughts as decision time looms

We think a UK-EU trade deal narrowly remains the most likely outcome of talks, but time is not on anyone's side. A deal would unlock some modest…

ECB: Bridging the time to herd immunity

The European Central Bank did not present a big new bazooka but a well-engineered extension of all well-known instruments to ensure that the current level…

Report Financial Institutions

European banks: The ECB comes with new gifts

The ECB announced today a new package of monetary policy measures including an increase in the PEPP and changes to its bank funding programmes TLTRO-III…

and

US: What to expect from the December FOMC meeting

The Federal Reserve will likely steer clear of more stimulus, but ramp up its dovish rhetoric and emphasise the need for more fiscal support as Covid-19…

and

Report Commodities, Food & Agri

Commodities Outlook 2021: Let the good times roll

The coronavirus crisis wreaked havoc across the commodities complex in 2020. However, we're already seeing a remarkable recovery which began in the…