The only release of note from America yesterday was the inflation rate for October which came in as expected at 2.5% from 2.3% the previous month. The increase is mainly because of an increase in the price of fuel and oil.
Trump continues to claim – without a shred of evidence – that there are instances of voter fraud. The deadline for the Florida recount is 3pm today, unless a request to extend the deadline is granted.
As with the UK, today we will see America’s retail sales for October. Last month, the reading came in at a whopping 4.7% so it will be interesting to see whether the recent positivity can continue. We will also see initial jobless claims up to 10 November 2018. Analysts expect a slight improvement, with the number of people filing for unemployment benefit falling to 212,000 from 214,000 the previous week.
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