USD: dollar weaker against sterling and euro

Markets can expect a variety of data releases throughout the course of today, from the MBA mortgage market index at 12pm to EIA crude oil stocks change at 3:30pm.

The key data to watch will be new home sales at 3pm. US home sales are expected to make a gentle fall this month after outperforming market expectations of 500k in August – August’s sales data revealed figures rose to an unexpected 685k.

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