Headlines the Economic Calendar on Thursday
1.UK Retail Sales
UK Retail Sales will be published today. UK Core Retail Sales excluding auto and gas are expected to ease to 2.8% y-o-y from 3.0% growth in the previous number. A lower than expected reading should be taken as negative for the Sterling.
2.US Housing Data
US Housing starts will be announced and it is a critical indicator of economic strength in the US. The market expects housing starts to ease to 1.270 mln in July from 1.273 mln.
US Building permits as another key indicator of demand in the housing market measure the change in the number of new building permits issued by the government. It is expected to rise to 1.310 mln from 1.292 mln. The market impact would be positive for US should indicators point to a further recovery in the US housing market
Moreover, U.S Philadelphia Fed Manufacturing Index for August will be closely followed by traders. The data measures the relative level of general business conditions in Philadelphia. It is expected to an outcome of 21.9.
16 Aug 18 (Thu)
08:03 am
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