4th December 2020

4th December 2020 header image

Weekly Round Up

As we enter into the final month of 2020, the FTSE100 has seen a steady week of improvement, up 3%. The Government’s announcement about plans to begin vaccinating as early as next week is providing some positive sentiment heading into 2021.The first order of 800,000 vacination doses is due in the coming days with plans for a mass rollout expected to follow.

Although this is good news, it is old news as far as the market is concerned with much of the re-rating of share prices taking place in early November following the initial vaccine success by Pfizer and BioNTech.

Meanwhile with the UK set to leave the EU on December 31 and with no deal yet to be agreed between the two parties, markets are trading cautiously. We have seen tensions this week as President Macron of France stands his ground over the sovereignty of fishing rights.

The information provided in this communication is not advice or a personal recommendation, and you should not make any investment decisions on the basis of it. If you are unsure of whether an investment is right for you, please seek advice. If you choose to invest, your capital may be at risk and the value of an investment may fall as well as rise in value, so you could get back less than you originally invested.

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