With mortgage applications heading south to their lowest value since late-2014, the American home lending sector is currently experiencing a key overhaul in how it’s getting on and also manages staffing levels…
In August British consumers spend more
In August, UK shoppers stepped up their spending at the fastest tempo this year, excluding a soar in April generated by the Easter holiday. However, there’s little indication yet that the squeeze on spending is going down, as retailers told on Tuesday.
Evidently, retail sales leapt by an annual 1.3% on alike-for-like basis, as the British Retail Consortium informed.
Surge in total sales in August turned to be the highest non-Easter outcome of 2017, ascending by 2.4%, speeding up from a leap of 1.4% in July.
Non-food sales are still at levels observed two years ago. Obviously, firm food sales mostly reflect ascending prices, with surge in volume terms weaker compared to the previous year, as the BRC told.
A steep drop in the value of the British pound since the Brexit vote in June last year, combined with poor hikes in pay, has drastically affected the spending power of households in United Kingdom who are the number one drivers of the UK economy.
Canada will release CPI and Core Retail Sales data on October 19 at 15:30 MT time. Both indicators are highly important. As a result, they will affect the Canadian market a lot.
The "no-deal" Brexit has never been so close! In other news: the AUD is rising, comments from BOJ Governor Mr. Kuroda and more
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…