CIO Daily Market Update with Will Bartleet
CIO and multi-asset portfolio manager at Pacific Asset Management
Sterling continued to rally sharply and has now reversed the losses over the past two weeks. Boris Johnson, UK Prime Minister became the first major political leader to be tested positive for COVID-19. The UK government provided advice to home buyers and renters that they should, “where possible, delay moving to a new house while measures are in place to fight coronavirus” but that there is “no need to pull out of transactions”
In the US, the House of Representatives approved the largest stimulus package in American history. Speaker of the House, Nancy Pelosi stated “Our nation faces an economic and health emergency of historic proportions. We do know that we must do more.” President Trump signed was due to sign the $2 trillion bill in Washington today.
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