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Pound Rallies as U.K. and EU Set to Announce Brexit Trade Deal

The pound dipped slightly but remained up for the day on Thursday as the U.K. and EU finally struck a Brexit trade deal.

After months of protracted negotiations and several missed deadlines negotiators on both sides reached agreement on Thursday afternoon.

Sterling GBPUSD, 0.07%, which had rallied in early trading to hit $1.36, fell slightly to $1.3525 shortly after the deal was struck. Read more…..

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Economist and best-selling author Jeffrey Sachs says a geopolitical Cold War with China would be a “dreadful mistake.” He explains how globalization will persist as societies and workplaces move online and urges policymakers to come together to tackle issues like climate change. Sachs says the U.S. economy won’t have a “v-shaped” recovery because of he country’s failure to contain the spread of the coronavirus pandemic.

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