Source: Recruitment & Employment Confederation The United Kingdom welcomed August with 1.65 million active job advertisements, hovering record highs as COVID-19 restrictions were lifted. Job advertisements grew 204,000 from August 2 to 8. This is the fourth-highest weekly growth since the COVID-19 pandemic hit.The biggest growth was recorded in adverts for … [Read more...] about The UK Opens August with Job Advert Growth Hovering Historic Highs
Forex News
Home Prices Up Double-Digit in the Second Quarter. Hikes Seen in Most Markets
Source: National Association of Realtors Existing home prices climbed in nearly all markets in the second quarter, with median sales prices up by double-digit in the majority of the markets. The median sales price of single-family existing homes jumped 22.9% to $357,900 from $66,800 in 2020.Increases were recorded in all but one of the 183 measured markets, equivalent to … [Read more...] about Home Prices Up Double-Digit in the Second Quarter. Hikes Seen in Most Markets
GBPTRY Analysis: Turkish Lira Rebounds on Strong Monthly Retail Sales
The British pound fell after the construction output for June 2021 dropped 1.3% (MoM). UK’s industrial production for June 2021 rose 8.3% (YoY), below the previous record of 20.7%.Turkey’s retail sales for June 2021 soared 14.4% from the previous month's decline at 5.5%. The GBPTRY declined 1.11% as of 7:30 am GMT on August 12, 2021, from the previous day's … [Read more...] about GBPTRY Analysis: Turkish Lira Rebounds on Strong Monthly Retail Sales
American Unemployment Claims Fall to Four-Week Low of 375,000
Source: US Labor Department American jobless claims fell for the third straight week to mark the lowest level in a month. DXY is up 0.05%. Gold is down 0.20%. Seasonal adjusted initial claims for the week ending August 7 fell 12,000 to 375,000. This is the lowest since July 10’s 368,000.The previous week’s level was revised upward by 2,000 to 387,000.The four-week moving … [Read more...] about American Unemployment Claims Fall to Four-Week Low of 375,000
Producer Prices Climb 7.8% in July to Hit Record High
Source: Bureau of Labor Statistics Producer prices growth posted a record-high in July, driven mainly by the increase in prices for final demand services during the period. The Producer Price Index for final demand grew 7.8% in July, the highest on record since data calculation started in November 2010.The latest reading compares with 7.3% in June and -0.3% in July … [Read more...] about Producer Prices Climb 7.8% in July to Hit Record High
