Last week saw the Thanksgiving holiday in the US, which brought about a quiet end of the week in FX markets. To us, this also marks the start of the festive season, with the new (and some might say unwelcome) tradition of Black Friday and Cyber Monday, as a precursor to entering the period of advent tomorrow.

In light of alleged election fraud in the US, the markets turned their eyes back to the narratives of both COVID-19 and Brexit, resulting in a trading in a very narrow range with sterling continuing to fight on regardless of the struggles of Brexit.

Could there be a breakthrough with Brexit, as a result of the vaccines to help combat Covid-19?

With the US election dominating the markets for the whole of last week, the continued fallout from it is expected to carry on driving sentiment for some time, resulting in currencies to remain volatile and until the shape of the Biden Presidency becomes clear.

After a week dominated by rumour and counter rumour, sterling ended up slightly stronger as investors became optimistic that at least both sides of The Channel were back talking.

A look how the return of President Trump return could have an impact on US and UK markets.

With the world’s markets waiting for the release of the Non-Farm payrolls data, news of President Trump and his wife Melania testing positive for COVID-19, saw the markets knee jerk reaction was a flight to safety which benefitted the dollar, yen and to a lesser extent the euro.

A weekly briefing of how the markets performed this week, aligned with our analysis what it means for your money.