The British monthly GDP is announced on Friday at 09:00 MT time.
London house prices demonstrate the biggest dips since 2008
In August, house prices in central London went down at their sharpest tempo since 2008, thus intensifying the slowdown in London’s housing market. However, prices soared in other regions of the United Kingdom, as a survey disclosed on Thursday.
The Royal Institution of Chartered Surveyors told that its monthly balance of overall UK house prices gained to +6 having dropped to a four-year minimum of +1 in July.
August's outcome surpassed all forecasts in a Reuters survey of financial experts. However, RICS told that the outcome turned to be consistent with only a marginal ascend in national prices.
The UK housing market has slowed since the Brexit vote to abandon the EU, when prices were soaring by nearly 8% a year, versus surge rates of approximately 5% currently, as official data states.
By the way, for the last 20 years prices in London have managed to quadruple, making homes too expensive for many of its residents.
The main market tendency today is that the US dollar is rising against its major peers and riskier assets such as stocks and oil are plummeting.
The US unemployment claims are out on Thursday at 15:30 MT time.
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
The US dollar’s weakness offered a boost to emerging-market currencies and oil.