This adds to the growing chorus for a weaker dollar in 2021
Deutsche releases its latest forecast for the euro and pound expecting EUR/USD at 1.3000 and GBP/USD at 1.4600 respectively by the end of next year.

Latest data released by Eurostat – 3 December 2020

Oil slips by 1% to a low of $44.66 before a mild bounce
There is a by the WSJ suggesting that the bloc is closing in on an agreement to boost output by about 500k bpd starting from next month, in an attempt to strike a compromise between all members later today.

Latest data from the Mortgage Bankers Association for the week ending 27 November 2020
–  -0.3%
– Market index 858.2 vs 863.6 prior
– Refinancing index 3,891.1 vs 4,077.7 prior

BioNTech’s chief medical officer remarks
With the UK granting approval today, more good news is expected to follow for the Pfizer-BioNTech vaccine in the coming two weeks. So, a heads up to that.

Reuters reports, citing a senior EU diplomat on Barnier remarks
– Some member states believe there is still „important stuff to play for“, so this isn’t the moment to show softness
The takeaway here is that deadlines don’t mean anything when it comes to Brexit. The first remark on not wanting to concede any position also shows

Gold up by over 0.8% on the day currently
Gold is extending its rebound above the $1,800 level in trading today after managing to close above that following a solid bounce yesterday.

UK vaccine committee chair, Professor Wei Shen Lim, briefs the public
They are adamant that it is safe for use, adding that there will be some protection after 12 days of the first dose and immunisation will only kick in 7 days after the second dose.

A brand new month, but same old story in the equities space
S&P 500 futures are up by over 1% now with European indices also posting a little over 1% gains (UK stocks are 2% higher) so far on the session.

GBP/USD retreats to its 100-hour moving average after testing 1.3400
The pair hit a fresh three-month high earlier in the day, breaching 1.3400 briefly for the first time since 1 September as the high touched 1.3407.