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19 April 2021 - Data to drive Sterling direction
"This week will see the release of data for inflation and employment.
Despite the positivity that has been created by the latest release of the lockdown the number of people who lost their jobs is expected to rise by close to 100k taking the unemployment rate to 5.2%.
The data will be released tomorrow.
House price data has been released overnight and the Chancellor’s stamp duty holiday continues to drive the market higher.
Year on Year house prices across the UK rose by 5.1%. That is significantly higher than last month which saw a rise of 2.7%.
The reopening of several sectors of the economy has driven consumers to release a large part of the huge build-up of savings that took place over the past year. Bank of England Governor Andrew Bailey estimates that £150 billion was accumulated and is now returning to the economy.
"
Beyond Currency Market Commentary:
Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.
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By CurrencyTransfer
5
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"This week will see the release of data for inflation and employment.
Despite the positivity that has been created by the latest release of the lockdown the number of people who lost their jobs is expected to rise by close to 100k taking the unemployment rate to 5.2%.
The data will be released tomorrow.
House price data has been released overnight and the Chancellor’s stamp duty holiday continues to drive the market higher.
Year on Year house prices across the UK rose by 5.1%. That is significantly higher than last month which saw a rise of 2.7%.
The reopening of several sectors of the economy has driven consumers to release a large part of the huge build-up of savings that took place over the past year. Bank of England Governor Andrew Bailey estimates that £150 billion was accumulated and is now returning to the economy.
"
Beyond Currency Market Commentary:
Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.