Source: Bank of England Net borrowing of the mortgage debt by individuals slid to £3.6 billion in December, from £3.8 billion in November. FTSE 100 up +1.08%, GBP USD up +0.30% Mortgage approvals for house purchases increased to 71,000 in December, higher than the 12-month average to February 2020 of 66,700.Consumers borrowed £0.8 billion more in consumer credit on the … [Read more...] about Net Mortgage Borrowing Slightly Falls to £3.6 Billion in December
Forex News
USDCAD Bulls on the Defensive as AUDUSD Struggles Post RBA and Bitcoin Bounces Back
US dollar stays under pressure amid profit-taking.USDCAD edges lower on CAD strength.AUDUSD bounce back stalls after RBA.Bitcoin and Ethereum trim losses. The US dollar suffered its biggest daily fall since November as it dropped by about 0.70% against the majors on Monday. The sell-off came as investors consolidated gains following a recent spike to 1-1/2 year highs on … [Read more...] about USDCAD Bulls on the Defensive as AUDUSD Struggles Post RBA and Bitcoin Bounces Back
Bank of England Seen to Deliver Five Quarter-Point Hikes in 2022
Source: Bloomberg The United Kingdom’s central bank is expected to hike key policy rates five times in 2022, following the projected moves of the US Federal Reserve. EWU is down 0.27%. Money markets expect the Bank of England to implement five quarter-point rate hikes this year, lifting the key rate by a total of 125 basis points to 1.50%.The bets come after remarks of … [Read more...] about Bank of England Seen to Deliver Five Quarter-Point Hikes in 2022
Eurozone, EU Economic Growth Cool in Fourth Quarter of 2021
Source: Eurostat The eurozone and the European Union economies continued to expand in the fourth quarter of 2021, albeit at a slower pace than the previous quarter. EZU is down 1.14%, while VGK is up 0.03% premarket. The euro area’s fourth-quarter seasonally adjusted GDP grew by 0.3% from the previous quarter. This is slower than the 2.3% growth in the third … [Read more...] about Eurozone, EU Economic Growth Cool in Fourth Quarter of 2021
US Consumer Sentiment Falls by 4.8% in Jan. to the Lowest in More Than 10 Years
Source: University of Michigan The US posted an Index of Consumer Sentiment of 67.2 in January, the lowest since November 2011 and was 4.8% below the previous month. SPY is up +0.12%, DXY is up +0.02%. On a year-over-year basis, the consumer sentiment declined by 14.9%, with the fall connected largely to the Omicron and Delta variant concerns.The index of current economic … [Read more...] about US Consumer Sentiment Falls by 4.8% in Jan. to the Lowest in More Than 10 Years
