020 7898 0500It was a mixed day for US data releases yesterday, with market movements once again being dictated on the whole by sterling. We saw the release of building permits figures, which showed positive growth at a high since the start of the year. However, with housing starts dropping and crude oil inventories falling, the US dollar failed to stimulate any movement on its own.
Today we can look forward to the weekly unemployment claims figure, which is expected to post another stable figure. Existing home sales data released later in the day is forecasted slight growth from the previous month. Investors will be keen to see US Federal Reserve member Dudley speaking earlier in the day. Anything related to US Federal Reserve rate decisions could have an impact on the market.
