More hardship is on the horizon for the housing market as the RICS UK Residential Market Survey prediction is at 61%. Housing prices continue to soar following the Bank of England’s biggest rate hike in nearly 30 years last week.
Tory leadership candidate Liz Truss said she will do all that she can to “help struggling households” but rival Rishi Sunak says Truss is “making a major U-turn” on the “biggest issue facing the country”.
Tomorrow market watchers will get a closer look at eurozone inflation rates as data from France and Spain will be released.
In the US, the number of jobless claims is expected to fall by 2 thousand to 258,000. If it does, this could mean more economic optimism is in the pipeline for Americans.
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