BBC political correspondent, Nick Eardley, reports in a tweet
NEW: Chancellor set to extend furlough until March, sources have told the BBC. Details just after midday – not clear if it will mean full 80 per cent.
Well, Sunak will be addressing parliament soon – scheduled to be at the top of the hour – on the

Villeroy says the Bank of France will publish its first estimate of the impact of the second lockdown next Monday
I think the headline is very much expected, otherwise the market wouldn’t take too kindly on the news. That said, the lockdown is still expected to drag French Q4 economic output into negative territory and that

de Guindos hints that the ECB will cut its growth forecasts next month
Adding that he believes that „they’re not going to be very far away from the from the European Commission (EC)“.

There’s still no winner being declared yet in the presidential race
The narrative since yesterday remains largely the same, the shift in the tide in Wisconsin and Michigan puts Biden in the lead to win the White House with Trump now needing to retain his lead in Pennsylvania and Georgia at least to keep things close.The

The European Commission publishes its latest forecasts for the euro area economy – 5 November 2020
– Eurozone 2020 GDP forecast -7.8% (previously -8.7%)
– Eurozone 2021 GDP forecast +4.2% (previously +6.1%)

Latest data from the Mortgage Bankers Association for the week ending 30 October 2020
–  +1.7%
– Market index 838.2 vs 807.8 prior
– Purchase index 301.2 vs 305.2 prior
The bulk of the surge last week was due to a jump in refinancing activity as purchases slowed down once again. Overall, this still points to the housing market

Regardless of who wins the White House, the battle between COVID-19 and central banks will still continue
Even though the election race may still prove to be too close to call, the market can at least bet that there are two things they can count on once this is over and done with.

Detroit ballots are in and Trump’s lead in Michigan got slashed significantly
This is the same as earlier (Milwaukee was the turn there) as Wayne County (Detroit) just reported roughly 150,000 ballots and nearly 140,000 were for Biden.

The dollar is trimming some of its earlier advance as stocks stay more choppy
EUR/USD is now back up to 1.1700, working its way above the 100-hour moving average at 1.1670. Meanwhile, GBP/USD is back up above 1.3000 after having traded to as low as 1.2915 earlier as buyers now seize back near-term control in the

This just reaffirms the market expectations
They have been rather explicit about doing so following last week.
the policy meeting
As things stand, expanding PEPP is the definitely part of its „recalibration“ but I reckon we can also expect changes to QE and TLTRO as well next month.