The dollar enjoyed a decent day against sterling following the release of UK inflation data. Closer to home, the number of new housing projects dropped by 5.3% in September. Part of the reason is the lasting effects of hurricane disruption, but it was still a bigger fall than the markets expected.
Month-over-month building permit figures also disappointed, falling by 0.6% when a 2.1% increase had been expected. We will get more of an accurate picture when the dust from the inclement weather has settled.
The headline release in the US today is initial jobless claims up to 13 October 2018. Last time around, they climbed by 7,000 to 214,000 when the markets had expected a drop to 206,000. This week, they are expected to drop to 212,000.
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