Market comment

Ireland relaxes restrictions as retail sector open for Christmas

DAVY VIEW

Ireland has relaxed COVID-19 restrictions, allowing the retail and services sectors to re-open from December 1st. Hence, GDP will rebound but, crucially, firms can through trade the important Christmas season – helping their finances and ability to service debt. This morning’s Bank of Ireland Pulse surveys of business and consumer sentiment have bounced back to eight-month highs on the back of the positive news on COVID-19 vaccines. This will encourage retail spending over Christmas and has already led to house price inflation expectations for 2021 being revised up.

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Nov 30 2020, 07:15 GMT

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