UK employment data, US existing home sales,US crude oil inventories (2016.04.20)
The UK releases its employment data for February & March. Jobless claims are forecast to have declined further in March, while the unemployment rate stayed steady in February and average weekly earnings continued to climb, according to the market consensus. At the 13 April Monetary Policy Committee (MPC) meeting, the MPC members expressed concern that hiring intensions and the unemployment rate could be affected by the upcoming Brexit vote. If so, then these continued robust figures are likely to ease some of the Committee’s concerns and be GBP-positive.
US existing home sales are expected to show some improvement. That would fit into the pattern we’ve seen recently of the slow but consistent recovery in the housing market, as I mentioned yesterday.
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