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U.S. Stocks Rise; Pound Gains on Brexit Deal: Markets Wrap Bloomberg 12/24/2020 Kamaron Leach (Bloomberg) -- U.S. stocks rose for a second day in holiday-shortened trading as investors monitored the latest developments on the congressional aid package, while the pound strengthened after a post-Brexit trade accord agreement was reached. Technology and real estate shares led the S&P 500 led higher, with energy the only one of the benchmark index’s 11 sector groups to finish in the red. A scuffle over pandemic relief is set to run up against a federal funding deadline next we...

U.S. Stocks Rise; Pound Gains on Brexit Deal: Markets Wrap Bloomberg 12/24/2020 Kamaron Leach (Bloomberg) -- U.S. stocks rose for a second day in holiday-shortened trading as investors monitored the latest developments on the congressional aid package, while the pound strengthened after a post-Brexit trade accord agreement was reached. Technology and real estate shares led the S&P 500 led higher, with energy the only one of the benchmark index’s 11 sector groups to finish in the red. A scuffle over pandemic relief is set to run up against a federal funding deadline next we...

Pound Advances as Britain and EU Reach Outline of Brexit Pact Bloomberg 12/24/2020 William Shaw, Vassilis Karamanis and James Hirai (Bloomberg) -- A trading deal the City of London has sweated over for almost half a decade looks like it’s finally here -- eliciting a cheer across U.K. assets. With Britain forging the blueprint of a deal with the European Union, the pound rose 0.5% to $1.3562 in Asian trading Thursday after advancing 1% the previous session. The yield on 10-year government bonds jumped as much as 13 basis points to 0.31% on Wednesday, the biggest intra-day i...

Pound Whipsawed by Virus Concerns, Relief on Brexit-Talks Offer Bloomberg 12/21/2020 Michael G. Wilson, Jill Ward and William Shaw (Bloomberg) -- The British pound slumped the most since March on concerns about a new strain of coronavirus in the U.K., then pared much of the decline as Prime Minister Boris Johnson made another offer to salvage Brexit talks. Popular Searches Sterling tumbled as much as 2.5% to $1.3188 before recovering most of that in New York afternoon, down only 0.4% to $1.3475 as of 3:25 p.m. Investors were spooked earlier as another Brexit deadline went pa...