Riskon on US Vaccine Hopes, GBP up on Johnson Engagement


Note  The table above is updated before publication with the latest consensus forecasts. However, the text charts are prepared ahead of time. Therefore there can be discrepancies between the forecasts given in the table above and in the text charts. 

Rates as of 0500 GMT

Market Recap

Its a generally riskon environment this morning as the US talks about starting vaccinations soon. Most stock markets in Asia are higher this morning and the SP 500 index is indicated to open 0.3. 

The head of the federal governments program to accelerate a vaccine Sunday said that vaccinations against Covid19 in the US will hopefully start in less than three weeks. Moncef Slaoui, head of the US governments Operation Warp Speed, said that On the 11th or on the 12th of December, hopefully the first people will be immunized across the United States. He was appearing on CNNs State of the Union TV show. He said the US should achieve a 70 immunization rate around May, which would allow for true herd immunity to take place. 

Before then though there are plenty of opportunities for people to behave stupidly. One of the main things were tracking this week is the number of people traveling in the US. Thursday is Thanksgiving Day, a national holiday and usually the busiest time for travel in the US as people gather for traditional meals together. News reports say that many people far too many, IMHO are going to hold such meals with their friends and extended families this year as usual.


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