RE: This is a good deal for Britain by Stephen Fry - Click the video link24 Dec 2020 12:11
Sharecast News) - As the City and Britons in general awaited news on a Brexit deal, Capital Economics said in a note that a trade deal was unlikely to boost financial markets any further, with the UK still on course for a "relatively hard" Brexit.
Economist Paul Dales said that since markets have largely been expecting a deal for some weeks, there is limited scope for more Brexit-related gains in the coming days and weeks.
"Instead, it is the prospect of an eventual decent UK and global economic recovery from the Covid-19 crisis that explains why we think the pound will rise to $1.40 in 2021 and the FTSE 100 will climb to 7,500," he said.
Dales noted there's not much detail yet on what exactly has been agreed.