Virus Hits Pound, Aussie as Stimulus Talks Weighed

Progress on a U.S. stimulus package curbed appetite for the yen and Swiss franc, while concerns about the U.K.’s worsening virus outbreak and Brexit talks sent the pound lower. Moves were pronounced early Monday across currency markets, with the pound under pressure as “significant differences” remain in trade talks between the U.K. and the European Union. Congressional negotiators in the U.S. reached a compromise that may clear the way for a final agreement on a roughly $900 billion spending plan. The Aussie slipped amid new restrictions in Sydney due to a growing virus cluster. Asian stocks may search for … (full story)

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