The foreign exchange market was rather calm on Wednesday, with the exception of the Pound, which recovered significantly against all currencies (by +1% on average) while its yield jumped by +10Pts, from 0.185 around 0.285%.

The £ is boosted by rumors of an imminent EU/UK trade agreement in order to avoid a 'no deal Brexit' (some observers even speculate on a continuation of the negotiations beyond January 1st).
The £ is recovering towards 1.3510/$ and it is recovering +0.9% against the Euro.

The Dollar crumbled by -0.2% towards 1.2185/E, it fell by nearly -0.5% against the Canadian dollar, towards 1.285.

The US T-Bonds are however tending by +3.7 Pts to 0.955% after publication of several rather disappointing statistics in the United States.

According to the Department of Commerce, consumer spending by US households, for example, fell by 0.4% in November compared to the previous month in the United States, a drop overall greater than that expected by consensus.

Their incomes even contracted by 1.1%, a contraction significantly greater than that anticipated by economists.
But this is only temporary: the 'federal checks' will arrive ($600 per household + $600 per child according to the terms of the $900 billion support plan being adopted) in order to boost consumption at the end of year.

Finally, the Commerce Department announces that after a 2.1% decline in October, new home sales in the United States plunged 11% last month to an annualized volume of 841,000 units, while the consensus n We were expecting a much smaller decline (it's a clear halt to a phase of strong growth since last June).