Newspaper allegations surfaced over the weekend claiming that former prime minister, Liz Truss’s phone was hacked by suspected Russian agents. This was said to have happened while Truss was foreign secretary. A Labour party spokesperson said the reports have raised “immensely important national security issues”.
Markets can expect a fair number of data releases from the UK this week. Today, Nationwide’s annual housing prices will be released at 11pm. In September, the house price index increased 9.5% year on year but is expected to fall gently to 9.2% in tonight’s release.
On Thursday, the Bank of England will announce its latest interest rate decision.
Over in the eurozone, Russia has pulled out of a deal with Kyiv which allowed Ukrainian grain to be exported out of its southern ports. The deal was backed by the UN, and with Russia now suspending the deal, threats to deepen the global food crisis continue.
Tuesday is a big data day for the US with numerous releases scheduled in. Key data to watch will be America’s JOLTs data and ISM manufacturing PMI both at 3pm, while the Dallas Fed services index will be released at 3:30pm.
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