
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
In October, the overall number of mortgages approved by the British Banker’s Association went down to a 13-month minimum, as industry data disclosed on Friday.
UK Finance reported that in October mortgage approvals went down to a seasonally updated 40.5 thousand versus September’s outcome of 41.6 thousand.
Experts had expected mortgage approvals to edge down to nearly 40.9 thousand the previous month.
Besides this, a great number of homeowners rushed to have their mortgages refinanced ahead of the Bank of England's rate lift the previous month, as the association informed.
The anticipated bank rate soar saw a storm of remortgage activity as a lot of homeowners tried to benefit from the competitive rates on offer. In addition to this, borrowing was also stimulated by stronger first-time buyer activity because this segment derived the benefits from lower rates, good credit availability as well as government housing schemes.
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
Representatives from 15 oil-rich nations attend OPEC meetings. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.
On April 22, 2022, from 10:15 to 11:00 MT time, the Markit will release German and French flash services and manufacturing PMI.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
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