{"id":106964,"date":"2020-12-01T11:11:34","date_gmt":"2020-12-01T11:11:34","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=106964"},"modified":"2020-12-01T11:12:41","modified_gmt":"2020-12-01T11:12:41","slug":"104939-fx-daily-outlook-brexit-and-vaccine-hopes-to-shape-the-day","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104939-fx-daily-outlook-brexit-and-vaccine-hopes-to-shape-the-day\/","title":{"rendered":"FX Daily Outlook: Brexit and Vaccine Hopes to Shape the Day"},"content":{"rendered":"<ul>\n<li><span style=\"font-weight: 400\">Vaccine hopes abound.<\/span><\/li>\n<li><span style=\"font-weight: 400\">The US-dollar selling in vogue.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Brexit-deal hopes to help GBP\/USD bulls.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Vaccine hopes and Brexit-deal optimism are driving the markets up after the end-of-the-month swings. November witnessed good gains for stock but had a negative last day.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The US dollar bounced back yesterday but started the new month in the backfoot as equities and gold gained. The yellow metal is moving higher towards 1,800 dollars.<\/span><\/p>\n<p><span style=\"font-weight: 400\">GBP\/USD is trading in the green as Brexit talks signal progress as negotiators from both sides are trying to reach a deal &#8211; with fisheries and level-playing field restricting the progress till date.<\/span><\/p>\n<p><span style=\"font-weight: 400\">EUR\/USD trades above 1.1950 after trading near 1.20 on Monday. Eurozone&#8217;s preliminary November Consumer Price Index might track the German statistics to show subdued inflation. Today, Christine Lagarde, President of the European Central Bank, might reiterate her commitment to stimulus, in a scheduled speech.<\/span><\/p>\n<h2>Vaccine Hopes<\/h2>\n<p><span style=\"font-weight: 400\">The pharmaceutical company Moderna&#8217;s declaration of 94 Percent efficacy during its COVID-19 immunisation Phase 3 trial cheered the markets. It has applied for emergency usage of the vaccine, the hearing of which is scheduled on December 17. Meanwhile, the UK might approve Pfizer\/BioNTech vaccine within a few days, and it may take a week for the approval in the US. Novavax is also near successful vaccine development.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Fed Chair Powell expressed worries over the current pace of virus spread, and expressed commitment to support the economy but stayed short of hinting about bond-buying announcement later in the month &#8211; expected by the market participants.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Biden\u2019s Treasury-Secretary-nominee Janet Yellen, who was the predecessor of Powell in the central bank chair, shared the sentiments expressed by the incumbent Fed chair.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In her initial reaction, she vowed to keep the American Dream alive. Coronavirus hospitalisation touched 96,000 in the US, according to the latest figures.<\/span><\/p>\n<p><span style=\"font-weight: 400\">AUD\/USD rose as the Reserve Bank of Australia kept the interest rates at 0.1 Percent, as expected. A weak US dollar also helped the AUD.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vaccine hopes abound. The US-dollar selling in vogue. Brexit-deal hopes to help GBP\/USD bulls. Vaccine hopes and Brexit-deal optimism are driving the markets up after the end-of-the-month swings. November witnessed good gains for stock but had a negative last day. The US dollar bounced back yesterday but started the new month in the backfoot as [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":4353,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1547,1380,1379,1381],"tags":[2415,1386,2796,1888,3365,1542],"class_list":{"0":"post-106964","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-aud","8":"category-eur","9":"category-gbp","10":"category-usd","11":"tag-aud-usd","12":"tag-brexit","13":"tag-coronavirus-vaccine","14":"tag-gbp-usd","15":"tag-janet-yellen","16":"tag-rba"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FX Daily Outlook: Brexit and Vaccine Hopes to Shape the Day - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104939-fx-daily-outlook-brexit-and-vaccine-hopes-to-shape-the-day\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stelian Olar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104939-fx-daily-outlook-brexit-and-vaccine-hopes-to-shape-the-day\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104939-fx-daily-outlook-brexit-and-vaccine-hopes-to-shape-the-day\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"FX Daily Outlook: Brexit and Vaccine Hopes to Shape the Day\",\"datePublished\":\"2020-12-01T11:11:34+00:00\",\"dateModified\":\"2020-12-01T11:12:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104939-fx-daily-outlook-brexit-and-vaccine-hopes-to-shape-the-day\\\/\"},\"wordCount\":333,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104939-fx-daily-outlook-brexit-and-vaccine-hopes-to-shape-the-day\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100364-gbp-usd-us-fomc-meeting.jpg\",\"keywords\":[\"aud\\\/usd\",\"Brexit\",\"coronavirus vaccine\",\"gbp\\\/usd\",\"Janet Yellen\",\"rba\"],\"articleSection\":[\"AUD\",\"EUR\",\"GBP\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104939-fx-daily-outlook-brexit-and-vaccine-hopes-to-shape-the-day\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104939-fx-daily-outlook-brexit-and-vaccine-hopes-to-shape-the-day\\\/\",\"name\":\"FX Daily Outlook: Brexit and Vaccine Hopes to Shape the Day - 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