GBP/USD is trading around 1.3150, recovering. Brexit talks continue in London and a breakthrough is still awaited. Coronavirus figures are also eyed. BOE Governor Bailey is scheduled to speak later in the day.
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US coronavirus caseshave hit a record high above 144,000 and hospitalizations topped 65,000 for the first time. Deaths are also on the rise as the winter wave is worsening. Germanys caseload has stabilized but mortalities are on the rise while Italy is under pressure to slap a nationwide lockdown.
US elections: President-elect Joe Biden continues working on his transition, announcing his appointee for Chief of Staff. President Donald Trump refuses to concede tweeted we will win. Georgia will begin a manual recount, yet experts do not expect Bidens lead to change there. The Democrat is also ahead in several other states as counting continues.
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November is shaping up as a month to remember, with the dramatic announcement of a coronavirus vaccine clashing with worrying disease developments. What does it mean for the dollar, gold, and stocks? How will central banks and governments move forward?
Investors and politicians in Washington are focused on the twoSenate runoff races in Georgiain early January that will determine control of the upper chamber.
US Consumer Price Indexfigures for October are set to show relatively subdued inflation, in line with the trend in previous months. Weekly jobless claims carry expectations for another drop.
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marginally below estimates. Britain is under lockdown,withBitcoinnearing the $16,despite concerns about coronavirus. Eurozone GDP growth was marginally downgraded to 12.6% in the third quarter. US Consumer Sentiment is eyed.European Central Bank President ChristineLagardewill host Federal Reserve Chairman JeromePoweland Bank of England Governor AndrewBaileyin a panel at an ECB forum. Comments about additional stimulus may rock markets.and Bailey are eyed.Brexit: EU and UK negotiators are set to miss the self-imposed November 15 deadline and hope to reach an accord next week. Fisheries,and a panel including from Powell,Pfizer announced a 90% efficacy. AstraZeneca and Johnson&Johnson also follow the same approach.Gold holds its range around $1880.
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