The remainder of this week is fairly quiet for UK data releases however, markets will see the latest Nationwide house prices tomorrow morning.
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Today is the calm before the storm on the data front, as economists brace for several high-impact data releases over the course of Friday.
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The US property market received a positive boost yesterday as sales of new single-family homes jumped 9.3% moth-over-month to a seasonally adjusted rate of 683k in March 2023.
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Tomorrow morning, euro-watchers will receive the latest reading for economic sentiment in the euro area. Economists forecast an increase to 99.8 in April, reflecting a slightly more optimistic outlook.
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Despite a week of ups and downs against the US dollar, sterling approaches midweek in a similar position as this time last week. However, compared to this time last month, sterling is trading approximately 1.75% higher.
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UK business optimism outperformed market forecasts of -15 yesterday, coming in at -2 for quarter 2 of 2023. This is the most optimistic reading since the final quarter of 2021.
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Firstly, a quick mention that our Easter referral offer ends on the 30th April. As well as your usual £50 referral bonus (for you and whoever you refer, when they make a trade), you could win a sumptuous…
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Investors will have plenty on their plate on Thursday when it comes to US data. As well as GDP, markets will gain an insight into America’s economic health, with the latest unemployment claims.
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