Market updates on September 20
We've got some positive news for the British pound and we are awaiting the release of the core retail sales for Canada at 15:30 MT.
Housebuilding backs moderate rebound in British construction
The previous month housebuilding caused a recovery in the UK construction industry, thus offsetting weakness in other parts of a mostly dismal sector, as a poll unveiled on Monday.
In November, the IHS Markit/CIPS UK Construction PMI managed to hit a five-month maximum of 53.1 versus October’s outcome of 50.8. It surpassed all estimates in a Reuters survey of market experts. The given upturn was generated solely by the residential sector.
Commercial along with civil engineering activity kept contracting notwithstanding a marked easing in cost pressures. On November 22 UK finance minister Philip Hammond revealed a series of measures to spur house-building that has lagged demand for years and caused a steep ascend in house prices. By the way, as IHS Markit informed, up to 70% of responses to the poll were gathered prior to the budget speech.
Confidence about business prospects over 2018 soared to a three-month maximum, while keeping to nearly three-year minimums.
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Market updates on September 19
The European trading session will be highlighted by the events for the British pound. Traders will pay special attention to the BOE meeting at 14:00 MT.
Market updates on September 18
The FOMC meeting is on the agenda. Will the Fed keep its rate on hold or not?
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Market updates on September 20
We've got some positive news for the British pound and we are awaiting the release of the core retail sales for Canada at 15:30 MT.
Oil spikes on the tweet by Iran's foreign minister
The tweet by Iran's foreign minister increased the possibility of tensions in the region. It pushed the oil prices up.
Market updates on September 19
The European trading session will be highlighted by the events for the British pound. Traders will pay special attention to the BOE meeting at 14:00 MT.
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