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.

OECD sees a gradual and uneven global recovery over the next two years
„Policy still has a lot to do. If public health or fiscal policy falter then we would see a loss of confidence and a much more depressing outlook.“
As per the usual, take these forecasts with a pinch of salt as they are merely

Pfizer vaccine can be in use in the EU by the year-end if cleared
Pfizer-BioNTech just announced that they have submitted an application to the EMA today to seek clearance for coronavirus vaccine use in the EU.

Latest data released by Eurostat – 1 December 2020