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Negative corona impact on the market; Focus on Brexit

Negative corona impact on the market; Focus on Brexit

  • Update Time : Wednesday, November 18, 2020
  • 24 Time View
Negative corona impact on the market; Focus on Brexit
Negative corona impact on the market; Focus on Brexit

MarketDeal24.Com – The market is slowly declining and the demand for the yen, known as a safe haven, is increasing as the positive effects of the vaccine begin to wane as coronavirus infections increase. Central banks have also expressed their concerns. The value of Bitcoin has risen above $18,000 whereas the value of the pound has risen in anticipation of the Brexit deal.

Corona virus infections have increased worldwide. A record 76,000 corona cases have been reported in the United States. In Germany, 305 people died in a single day, the highest since April, and the number of corona cases in France has exceeded 2 million. Corona infections are also on the rise in Japan and southern Australia.

Christian Lagarde, president of the European Central Bank, said news of the latest vaccine would not have a big impact in the short term. The ECB needs to be aware of the whole situation. The chairman of the Federal Reserve applauded the progress of the vaccine but expressed concern about the current situation.

Vaccine company Pfizer, meanwhile, said it had now gone one step further in applying for permission for emergency application to prevent the virus.

This is the first time since 2017 that Bitcoin has crossed 18,000. The value of BTC/USD is currently on an upward trend as investors turn to new assets for the Corona epidemic.

According to the Telegraph, France has lifted some of its sensitive terms from the Brexit agreement in order to build a rapprochement between the two sides. The GBP/USD pair is currently trading above 1.3250.

The U.S. retail sales report came in much disappointing as it grew less than expected in October. Rafael Bostic, president of the Atlanta branch of the Federal Reserve, said some people may have fallen into a money shortage.

The U.S. Building Permit and Housing Report will be released today. John Williams of the Federal Reserve will also speak.

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