020 7898 0500It has been a mixed week for US data. Monday saw negative data overall with Capacity Utilization and Industrial Production falling short of the expectation. Tuesday was a key day for data with the Consumer Price Index (CPI) figure which showing growth from the previous month – however, the core figure grew less than expected.
Wednesday saw reports that building permits in the US rose on to a high not seen since January 2016, with housing starts actually falling from the previous month. The weekly unemployment claims data posted a higher figure than expected, but not enough for it to dictate the market, with sterling still being the main driving force within the currency market.
Friday seems to be a quiet day, with no major data releases due out.
