single best chart, particularly important with jane foley from rabobank.ere are currency moves -- they look at it in standard deviations, and there is no question about it, it is a standard deviation move from the left. it is a 6.3 standard deviation move. i have rarely seen that. it is what is called a fitted chart, a little misleading, but the bottom line is we are getting big figure moves in some of these currencies. jane foley, what is the concern america,djacent to with such a strong, strong canadian dollar? jane: well, again, this isn't something that any country really wants now, and of course i would not anticipate that the bank of candidate will push against this with any interest rate cuts right now. but interestingly, unlike the u.s., the bank of canada has said that it would reduce negative interest rates if need be, but the bar is set really high for them to do that. candida is also influenced by the oil price, and -- canada is also influenced by the oil price, and that will also support the canadian dollar. at the moment, it will not be of si

jane foley joining us therefrom rabobank. let's get some of the day's other news. high streets and shopping malls across england this weekend, but in numbers well below pre—pandemic levels. it was the first weekend since stores in england reopened on wednesday. market researcher springboard says that across the uk as a whole, footfall was down by 30% compared to the same december weekend last year. cocaine with an estimated value of £100 million, or $134 million, has been found in a banana pulp shipment, according to the uk home office. the drugs originated in colombia and were headed for antwerp in belgium. the national crime agency said the find was "a significant hit to the organised crime groups involved". so, whilst the us economy looks to get a financial shot in the arm, china is seeing the best export growth for nearly three years. exports jumped by just over 21% from a year earlier. that was almost twice as much as expected. let's go to sharanjit leyl in our asia business hub. nice to see you. so, the world's second biggest economy seems to be doing 0k? tha

withg up, we will talk rabobank's fx strategist.loomberg. ♪ ritika: with the first word news, i'm ritika gupta. the house is now daring the senate to follow in its footsteps on stimulus payments to most americans. democrats and some republicans approved a measure that would replace the $600 payments in the new relief bill with $2000 checks. it is a proposal backed by president trump. many senate republicans previously opposed payments larger than $600. joe biden is accusing trump loyalists at national security agencies of obstructing the transition, warning that adversaries could take advantage of the situation. the defense department says it has been working with bidens team with the utmost professionalism. former british socialite ghislaine maxwell will remain behind bars in new york. a federal court judge has refused her request to be released on bond. the former girlfriend of jeffrey epstein is fighting sex trafficking charges. china is struggling to get the world to trust its coronavirus vaccines. the chinese shots could have b

director / head of fx strategy, rabobank.ngople of winding down as a result of getting into the holiday season, close to christmas and the new year, we have so many news items on the agenda. brexit and the unresolved nature of the trade talks are front and center. are you gearing up for a deal between now and the new year? is it getting too late with the european parliament saying it has no time to ratify it? jane: good morning. i think for many people in the market, there is the belief there is a skinny deal for the taking, and that is probably the central view. knockedfidence has been a week or two ago, but there is a prospect we could get a deal. we have news stations suggesting we could get it as soon as today, and people are hoping it comes to today and not over the christmas break. if we look at the price of sterling, it reflects a little hope. the expectation is that if we get it, parliament could meet next week to push it through. and there is speculation the european parliament would not be able to vote on it before

and -- jane of rabobank james foley of rabobank and geoff yu of bny mellon, thank you. we got the news that an outline on a brexit trade deal has been reached, but no finalization yet. guy: the details are going to be important here, and also the beicial confirmation may something the market, as jane alluded to, is going to be waiting for. around 50 minutes ago, we got the details of the outline, but i think the devil, as always in these agreements, is in the details. it will be interesting to see what that final agreement looks like, given we have seen over the past few weeks. kailey:kailey: we wait and we watched in the meantime. in the bond market, gilt yields up about 13 points. in the u.s., it is the russell 2000 that is the outperformer, up nearly 1% near a fresh record high. coming up, they will talk stimulus on a blue balance of "balance of [ sigh ] not gonna happen. that's it. i'm calling kohler about their walk-in bath. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ fi

positively to the fact that a deal is imminent, and we can get more on this with jane foley, of rabobankcting positively, are you surprised they are not even more positive? perhaps so, if we look at the value of the pound against the dollar, it didn't push below the levels it made on the 17th of december. i think perhaps a little bit of a courtly reaction. of course, we don't have all of the details yet of the plan, we know there are issues around fisheries, but first of all, we know that this plan is not for the services sector. the services sector, 79% of the uk economy, that is not really covered by this plan at all. there is the anticipation that the door will be left open for future discussions, there is still hope on this front, but this is the 17th of december, we saw sterling against the dollar yet to higher levels, and we have seen bad news about the economy, particularly the announcement about t4, and so the headwinds for the economy, not only will they be very firm, they are going to drag over to the new year too, and that is a problem for the economy and for sterling. we have